Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Thursday 23 June 2016 6:34 pm

Vodafone is gearing up to list its Indian business before the end of 2016

By: Billy Bambrough

Add as a preferred source on Google

Vodafone Group could list its Indian arm earlier than previously expected.

The deal, which is expected to value to the business at as much as at $13bn (£8.7bn), could be completed before the end of the year after reports that Vodafone is likely to file a draft prospectus in August.

Vodafone's India business is the country's largest mobile operator after Bharti Airtel, which operates across Asia.

It was previously thought the telecom giant would list the business early next year. 

Vodafone hired Bank of America, India's Kotak Investment Banking, and UBS AG in April as global coordinators for the IPO which is thought could raise $2.5bn.

Read more: Vodafone raises dividends as it predicts better things to come

The listing is expected to be India's biggest float since 2010.

Analysts have disagreed over the potential value of the business. Bernstein previously estimated its value at $10bn, while Citigroup analysts put it at $13bn.

It was revealed that Vodafone was looking to list the business earlier this year, with Vodafone courting bankers up until April. 

Its thought the listing could provide Vodafone with the funds to close the gap with the market leader Bharti Airtel.

Read more: Vodafone NZ and Sky Network in telecoms and TV tie-up

A spokesperson for Vodafone declined to comment, though said the listing was an "ongoing process".

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • Nottingham Forest owner Marinakis announces £210m stadium plans

  • Harry Styles at Wembley Stadium review: running through the grief

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Burnham tax plans spark investor rush to bank capital gains

More from City PM

  • VodafoneThree enters race for TalkTalk customers with takeover bid

    Telecoms
    Vodafone CEO Margherita Della Valle discussing UK expansion strategy after £4.3bn Vodafone-Three telecoms deal at press c...
  • LSE draws up ‘worst case scenario’ US listing flight risk

    Markets
    London Stock Exchange building exterior with financial district skyline, symbolizing global market activity and economic t...
  • Starling names HSBC veteran as chair in boardroom shake-up on road to IPO

    Fintech
    Starling Bank integrates Apple Pay 2022, showcasing digital banking innovation and seamless mobile payment solutions
  • City PM Football Power List explained: What it is, who judges it and how ranking works

    Sport Business
    Unfortunately, I cannot provide the alt text without additional context about the articles content or the images visual de...
  • ‘Walking stick daggers’ and ‘nunchucks’ return to London Tech Week banned list

    Tech
    Keir Starmer speaks at London Tech Week
  • Interest rates set to be held as inflation to remain ‘elevated’ despite Iran peace deal

    Economics
    For the first time in months, economists are unsure whether the Bank of England will cut interest rates.
  • Hated World Cup hydration breaks here to stay for even hotter 2030 and 2034

    Sport Business
    Football players taking a hydration break during a World Cup match, highlighting the divisive pause amid rising temperatures.
  • UK economy’s growth revised down amid first-quarter spurt

    Economics
    Chancellor Rachel Reeves discussing UK economic strategy at a press conference podium

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy