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GoAir plans USD150m IPO: reports

4-May-2011 10:31 AM

GoAir reportedly plans to raise around USD150 million through an IPO to fund its operational expenses (Reuters, 03-May-2011). The airline has reportedly hired Bank of America Merrill Lynch and Edelweiss Capital to manage the offering. The airline will reportedly file for the share sale shortly. The carrier declined to comment on the report.