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Thursday, January 19, 2012

Vodafone, the UK-based telecom major, has appointed investment bank NM Rothschild to assist the listing plans, reported in Economic Times quoting sources

Sources said Rothschild will assist Vodafone to clear the regulatory hurdles, help in price discovery and valuation, restructure the complicated shareholding pattern and even help appoint the book-runners at a later stage. Last year, the company had organised in Mumbai a meet of global investors and analysts in which it had disclosed financial and other operational details.

The Vodafone Group entered India in 2007, after buying out Hutchison's 67 per cent stake in its telecom venture with Essar for USD 11.2 billion

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