News Hour- Vodafone India IPO in the works: Analjit Singh

NEW DELHI: Vodafone India, the local arm of global telecom major Vodafone Plc, is eyeing an India listing, said Analjit Singh, the newly-appointed non-executive chairman of the company. 

At present, the company is studying the possibility of an initial public offering ( IPO). "It is a thought under consideration," he said, while adding that a final decision is yet to be taken. "In the next three to six months, things will become clearer.'' Singh is the founder chairman of Max India as well as its subsidiaries such as Max New York Life Insurance Company, Max Healthcare Institute and Max Bupa Health Insurance Company. 

In fact, he was also the founder chairman of Max Telecom also, which later become Hutchison India and finally Vodafone India. At present, he owns around 17% stake in Vodafone India.
(Source- http://economictimes.indiatimes.com)