Vodafone hints at small Indian IPO - Mobile World Live

Vodafone hints at small Indian IPO

18 MAY 2011

Dow Jones Newswires reports that Vodafone executives yesterday hinted that the mobile giant could sell some of its Indian business in an initial public offering to ensure it complies with local foreign direct-investment rules. Chief executive Vittorio Colao told reporters at the group’s annual results briefing that nothing has been decided, but an IPO looks to be the “most appealing”. While it was “tempting” to have it listed on the Mumbai bourse, a clear regulatory framework is needed, he added.

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