Source : CNBC-TV18 :Sep 14, 2011 at 14:18
Vodafone, one of the largest telecom operators in India, is likely to appoint four lead bankers for its initial public offering (IPO), reports CNBC-TV18's Kritika Saxena quoting sources.
In fact, the company is learnt to have started talks with bankers to frame the contours of the IPO, through which it plans to dilute between 11%
and 14% stake. "Six investment banks have pitched for IPO mandate and will be appointed by October," sources say.
However, when contacted, the company said it did not wish to comment on such speculation.
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