India's GMR Infrastructure Ltd has hired four banks including Citigroup and JPMorgan to manage the listing of its airport business that is expected to raise $300-$350 million, sources with direct knowledge of the matter said.
The company, whose business interest includes airport, power and roads, has also picked Axis Capital, a unit of private Indian lender Axis Bank, and IDFC for the public offering, three sources involved in the process said.
All the sources declined to be identified as the IPO plans are not public yet. GMR, Citigroup, Axis Bank and IDFC declined to comment. JPMorgan did not respond to a request for comment.
12/12/13 Reuters/New Indian Express
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The company, whose business interest includes airport, power and roads, has also picked Axis Capital, a unit of private Indian lender Axis Bank, and IDFC for the public offering, three sources involved in the process said.
All the sources declined to be identified as the IPO plans are not public yet. GMR, Citigroup, Axis Bank and IDFC declined to comment. JPMorgan did not respond to a request for comment.
12/12/13 Reuters/New Indian Express
