IndiGo plans $400 mn IPO

IndiGo plans $400 mn IPO
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IndiGo plans $400 mn IPO.Anticipating boom in the prospects of air travel in the country, IndiGO is preparing for a initial public offer of equity to the tune of $400 mn (Rs 2,500 cr) and listing shares on the bourses.

Mumbai (Agencies): Anticipating boom in the prospects of air travel in the country, IndiGO is preparing for a initial public offer of equity to the tune of $400 mn (Rs 2,500 cr) and listing shares on the bourses.

Sources said that the company is expected to file draft proposects in the next couple of months, depending on the market conditions.IndiGo, founded in 2006 by travel entrepreneur Rahul Bhatia and former US Airways Chief Executive Rakesh Gangwal, has enhanced its share in the countries overall domestic air travel market.

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