With the plan to launch a Rs 2,500 crore initial public offering (IPO), India's leading carrier, IndiGo, has been successful in setting the capital markets enthralled, but a closer reading of its draft prospectus has also left aviation experts raising a few questions. In October 2014, IndiGo had signed a memorandum of understanding (MoU) with Airbus for the purchase of 250 A320neo aircraft. According to the draft red herring prospectus (DRHP), the term sheet with Airbus has expired. This has left aviation experts wondering if there was a reason on how and why the term sheet expired in 2015, if the MoU was only signed in October, 2014.
08/07/15 Farah Bookwala Vhora/moneycontrol
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08/07/15 Farah Bookwala Vhora/moneycontrol
