InterGlobe eyes $617m share sale to make free-float target

The operator of India’s largest airline is seeking to raise more than it did via its IPO less than two years ago, with Air India's international operations still on its wish list.

Danny Leung

September 14, 2017

IndiGo Airlines parent InterGlobe Aviation is aiming to raise as much as Rp39.5 billion ($617 million) on Friday by placing shares with institutional investors in what is set to become Asia's biggest-ever share sale by a budget airline less than two years after the company floated.

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