Monday, September 29, 2025
23.7 C
Lagos

Vodafone Plans Indian Stock Market Listing

Vodafone is reportedly planning a stock market listing for its Indian subsidiary by the end of this year in a move that could raise around $2.5 billion for the company.

Citing people with knowledge of the plans, the Reuters news agency reports that the filing could be made as early as August, with the formal listing taking place within a few months after that.

That Vodafone would list shares locally is not unexpected as the company has long indicated that it would do so, but it has been held up by a number of factors, not least ongoing tax disputes.

India’s second-largest mobile operator after Bharti Airtel, has begun work on the prospectus that would include the Indian division’s financial results for the first half of the calendar year, the people told Reuters.

Sources, who declined to be identified as the information is not public, said that the exact timing of the IPO would depend on local stock market conditions.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Mighty Media appoints Henry Oduah as Qed.ng Editor

The management of Mighty Media Plus Network Limited has...

Universal Insurance, NHIA, PTAD, Rite Foods Sponsor NAIPE 2025 AGM

The Universal Insurance Plc, National Health Insurance Authority (NHIA),...

ADB Plans $10bn Investment in Nigeria by 2019

Dr. Akinwumi Adesina, President, African Development Bank (AfDB) has...

NDIC Commences Auction of Landed Properties, Chattels of Defunct Heritage Bank

In a bid to ensure timely declaration of liquidation...

LaPRIGA Awards 2024: Chain Reactions Africa Claims Three Deserving Recognitions

L-R: Senior Multimedia Specialist, Creative & Digital, Chain Reactions...

Access Bank Unveils 1st American Express Cards in Nigeria

  In maintaining its leadership status as Nigeria's most innovative...

TSA: CBN Sanctions UBA N2.9bn, First Bank N1.8bn

These are bad times for United Bank for Africa (UBA) Plc and First Bank Limited as both were sanctioned by the Central Bank of Nigeria (CBN) to the tune of N2.9 billion and N1.8 billion respectively for allegedly violating the Treasury Single Account (TSA) policy of the Federal Government. For First Bank, its shares nosedived to 10-year low as a result of the N1.88 billion sanction by the CBN. The bank’s shares fell by 3.9% to N5 in trading at the Nigerian Stock Exchange (NSE), its lowest fall since April 2005.

PenCom, Operators Ready for Micro Pension Launch in Jan 2019

The National Pension Commission (PenCom) and operators in the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img