Lehman Brothers has secured a bookrunning mandate on the $1.5bn (â¬1bn) initial public offering from Indian telecoms company Reliance Communications alongside the eight banks that worked on sister company Reliance Power's $3bn flotation, India's largest.
JP Morgan, UBS, ABN Amro, Deutsche Bank, JM Financial, ICICI, Macquarie and Enam Securities are also working on the Reliance Communications' flotation, according to Indian newspaper The Economic Times. Reliance Power used the same line-up for its record flotation last month.
