Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

Updated: May 01, 2016, 21:53 PM IST
Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Zee Media Bureau

Mumbai: Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

"Vodafone has kicked off the much-delayed listing plan for its India arm and last week picked Kotak Investment Banking, Bank of America Merrill Lynch and UBS as joint global coordinators of the share sale," the sources told PTI.

The company has also picked ICICI Securities, HSBC and Deutsche Bank as joint book-runners, the sources said.