Vodafone reportedly invites pitches from banks for its India IPO

The Vodafone Group has reportedly invited banks to submit pitches for managing its planned initial public offering (IPO) in India. These include the Citigroup, Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, the UBS Group, ICICI Securities, and the Kotak Investment Banking Group. Vodafone’s IPO is expected to fetch the operator $2 billion-$2.5 billion. However, the exact timing of the IPO has not yet been disclosed.