Vodafone considers initial IPO for Indian business

Vodafone Group is weighing an initial public offering for its Indian business, the wireless carrier’s biggest unit by customers, said a person familiar with the matter.

Investment bank Rothschild is compiling a report about the benefits of a possible IPO, set to be delivered around August, according to the person, who asked not to be identified because the plan isn’t public.

Vodafone will decide whether to proceed after that, and an IPO will also depend on market conditions, the person said.