The CEO of Qatar Airways, Akbar Al Baker, said on Tuesday that the airline will not be bidding for a stake in Indian's biggest airline by passenger numbers, IndiGO, which has launched an initial public offering.
In July, Qatar Airways said it was in talks with IndiGO about taking a stake, but IndiGO said it was not in talks with the carrier for a stake sale.
The initial public offering (IPO) of InterGlobe Aviation, the promoter of low-cost carrier IndiGo, received good response on the first day on Tuesday, with the qualified institutional investor (QIB) quota getting oversubscribed within the first hour.
The aviation company saw QIBs bidding for 97,45,590 shares, around 1.14 times the number of shares on offer in this segment.
27/10/15 Arabain Business.com
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In July, Qatar Airways said it was in talks with IndiGO about taking a stake, but IndiGO said it was not in talks with the carrier for a stake sale.
The initial public offering (IPO) of InterGlobe Aviation, the promoter of low-cost carrier IndiGo, received good response on the first day on Tuesday, with the qualified institutional investor (QIB) quota getting oversubscribed within the first hour.
The aviation company saw QIBs bidding for 97,45,590 shares, around 1.14 times the number of shares on offer in this segment.
27/10/15 Arabain Business.com
