Vodafone Idea Picks Jefferies, Axis for $2.4 Billion Share Sale
- Wireless carrier said to consider pricing at 12 rupees/share
- Loss-making firm also mulling a preferential issue to founders
A pedestrian with a mobile phone walks past a sign for Vodafone Idea Ltd. in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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Vodafone Idea Ltd. has appointed the investment banking units of Axis Bank Ltd. and Jefferies Financial Group Inc. for its $2.4 billion share sale, according to people familiar with the matter, as the founders — Vodafone Group Plc and the Aditya Birla Group — seek to turnaround the unprofitable joint venture.