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Vodafone plans India's largest IPO yet, likely to raise $4 bn next year

May 26, 2015    

The British telecom major Vodafone is reportedly planning to launch IPO of its Indian arm to raise about $4 billion next fiscal.The company has appointed NM Rothschild as its consultant to work on roadmap and the paperwork for the public offering will be completed by the end of ongoing financial year, as per reports.When contacted, Vodafone spokesperson declined to comment.According to a report on CNBC-TV18, Rothschild will submit a report by August 2015 to help parent Vodafone Plc arrive at a valuation for the subsidiary.The report citing sources estimated Vodafone Indias enterprise value (ex...

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