Indigo Airlines prepares to launch USD339m IPO

Indigo Airlines parent, InterGlobe Aviation Ltd, reportedly appointed four investment banks for an initial public offering (IPO) in the carrier to raise up to USD339 million. The banks include Morgan Stanley India Co, Citigroup Global Markets India, UBS Securities India and Credit Suisse Securities (India) (India Tone, 25-Apr-2010). The timeline for the IPO was not disclosed.