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Report: Vodafone may choose banks for Indian IPO within the week

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Report: Vodafone may choose banks for Indian IPO within the week

VodafoneIndia is about to choose four banks from the shortlisted candidatesthat are being considered to handle the company's IPO and is likely to finish the selection beforethe week ends, The Economic Times(India) reported April 25, citing a person with knowledge of the matter.

Banks in the initial list have already made the preliminarypresentations to Vodafone's adviser, Rothschild. Those who are shortlisted areexpected to make further presentations in the hopes of being chosen as thefinal lead bank.