Vodafone Idea Picks Jefferies, Axis for $2.4 Billion Share Sale

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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.

Vodafone Idea Picks Jefferies, Axis for $2.

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