Vodafone likely to defer its plans to float an IPO

After winning the long-drawn tax case, Vodafone is likely to defer its plans to float an initial public offering (IPO), say news reports.

It is believed that the IPO may be launched in 2013. The delay in the IPO has been reportedly attributed to unfavourable market conditions.

Also, the company?s Indian arm has sufficient funds for its current expansion plans.