Monday, July 06, 2015

IndiGo's parent InterGlobe files plan for $400mn IPO

IndiGo Airlines (6E, Delhi Int'l) parent, InterGlobe Aviation Ltd, has filed a preliminary IPO prospectus with the Securities and Exchange Board of India (SEBI) ahead of a proposed debut on the Mumbai Stock Exchange later in the year.
According to the document, the firm is planning to raise up to USD400 million through the sale of up to INR12.7 billion (USD199.64 million) worth of new shares, and the sale of up to 30.15 million of existing shares. Overall, approximately 12% of InterGlobe's stock will be put on the market.
05/07/15 ch-aviation
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