The country’s second largest telecom operator Vodafone is going to bring India’s largest IPO. Vodafone has appointed Bank of America Merrill Lynch, Kotak Investment Banking and UBS as joint global coordinator. The IPO will raise 250 million dollars (about Rs 16 thousand 500 crore). According to sources, Vodafone is expected to launch its IPO in early next year.
Stocks To Buy
This will be the biggest IPO of Vodafone after the IPO launched by Coal India in 2010. Coal India raised Rs. 15199 Crore through that IPO. Now vodafone is planning to raise Rs. 16 thousands 500 Crore or $ 250 million Dollar. We suggest you all to make position in vodafone or buy on a lower level. Stock is expected to move upside so as per our researchers the stock on hot buying mode.