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Report: Vodafone names banks for Indian IPO

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Report: Vodafone names banks for Indian IPO

-based Vodafone Group Plc has come up with a list of banks thatwill handle the IPO launch of its Indian unit, with Bank of America MerrillLynch International Ltd., UBS and Kotak Investment Banking serving as jointglobal coordinators, Reuters reported April 30, citing sources with knowledgeof the matter.

Meanwhile,Deutsche Bank AG, HSBC and ICICI Securities will be joint book runners.

An amountof $2 billion to $2.5 billion is expected for Vodafone's IPO in .

The Britishtelco entered India in 2007 to acquire a majority stake in Hutchison Essar, andcompletely owned Vodafone India since 2014.