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Rediff.com  » Business » Vodafone to consider Indian unit's IPO once tax case settled

Vodafone to consider Indian unit's IPO once tax case settled

November 13, 2013 08:40 IST

Vodafone said it will look at listing its Indian unit once it resolves a more than $2 billion tax dispute with the country's government.

Vittorio Colao, chief executive of the British mobile operator, said on Tuesday that he would definitely consider an IPO of the business in India once the tax case was settled.

Vodafone, the biggest corporate investor in India, has been fighting a tax demand from Indian authorities over its 2007 acquisition of mobile assets in the country.

Kate Holton in London
Source:
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