Indian jumbo IPO turns into M&A blockbuster

Vodafone is unlikely to proceed with the planned flotation of its Indian unit after entering negotiations to sell the assets to Idea Cellular.

India’s biggest IPO is turning into a billion-dollar merger opportunity after British telecommunications giant Vodafone said it is in talks to merge its Indian unit with local mobile operator Idea Cellular.

¬ Haymarket Media Limited. All rights reserved.

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