Moneycontrol
Last Updated : Apr 18, 2016 03:50 PM IST | Source: CNBC-TV18

Vodafone India kickstarts IPO process: Sources

The country's second largest telecommunications firm Vodafone India has started the process to list its shares on the bourses.

The country's second largest telecommunications firm Vodafone India has started the process to list its shares on the bourses.

Sources have told CNBC-TV18 that investment bankers have submitted request of proposals (RFPs) to manage its initial public offering (IPO) and the winner will be short-listed shortly.

The long-delayed IPO has often got caught in a quagmire of regulatory or legal tangles, such as the multibillion dollar tax liability case, which is still pending in courts.

Vodafone India, a wholly-owned subsidiary of British firm Vodafone Plc, reported revenues of Rs 42,526 crore in FY15, according to a PTI report.
First Published on Apr 16, 2016 04:08 pm
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