IndiGo Mandates Banks for IPO: InterGlobe Aviation Ltd.

India’s InterGlobe Aviation Ltd., which operates budget carrier IndiGo, has mandated four investment banks for an initial public offering to raise around 15 billion rupees ($339.3 million), two people with direct knowledge in the matter said Monday.
“The mandate has just been given and the draft prospectus should be filed in the next month or two. The company is looking to tap the primary markets before the end of the year,” one of the people told Dow Jones Newswires.
The other person said Morgan Stanley India Co. Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd., UBS Securities India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. Ltd. were the banks mandated for the share sale.
IndiGo has a fleet of 25 Airbus aircraft and operates more than 160 daily flights.
25/04/10 Zohaib Khan/India Tone

To Read the News in full at Source, Click the Headline

Categories: IndiGo Airlines Apr 2010