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.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.