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Vodafone India IPO Certain – Banks Invited to Pitch

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Vodafone India has invited banks including Citigroup, Goldman Sachs and Morgan Stanley, to submit pitches to manage it. The selected banks have been asked to submit pitches next week to win underwriting mandates for the stock, the people familiar with the deal said.

“We have previously said that we have started preparations for a potential IPO, which includes private conversations with banks, but this is a lengthy process and no decision will be made until we are at the end of it,” Vodafone said in a statement issued in London. Read more

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