UK based telecom giant Vodafone Plc is expected to announce a huge fund infusion to the tune of USD 5 billion in its Indian arm, reports CNBC-TV18‘s Nisha poddar quoting sources.
"IPOs in India are set to hit a six-year high in 2016 as the companies looking to go public, supported by a growing appetite for equities and an uptick in economic growth, are estimated to raise more than USD 5 billion," EY said.
The exodus of foreign capital from debt markets has accelerated the Rupee's plunge over the past few days, said the Kotak note to clients.