The Vodafone Group Plc has reportedly initiated the process of floating an initial public offering (IPO) for its Indian arm, Vodafone Essar.
As the first step, Vodafone Essar has roped in investment bank NM Rothschild to assist in its listing plans. Prior to this, the operator had organised a global investors? and analysts? meet, where it disclosed financials and other operational details and even highlighted potential regulatory risks.
It is believed that Rothschild?s mandate will be to assist the company to meet regulatory requirements, help in price discovery and valuation, restructure its shareholding pattern and even help appoint the bookrunners at a later stage.
