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.

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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media