Saturday, June 27, 2015

‘IndiGo to file prospectus for $400-mn float next week’

Singapore/Mumbai: IndiGo is set to file a prospectus next week for a domestic stock market listing, which is expected to raise as much as $400 million, according to three sources with knowledge of the matter.

IndiGo, owned by hospitality and travel company InterGlobe Enterprises, is aiming to win approval from the market regulator in August, before hitting the market later in the year, one of the sources said.

The timing of the market debut will, however, depend on market conditions, the source said.

The sources declined to be named because they were not authorised to speak to the media.
27/06/15 Business Line
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