16-Apr-2010 11:01 AM

IndiGo plans IPO but not immediately

IndiGo parent, InterGlobe Aviation Pvt Ltd, stated it has no immediate plans to launch an initial public offering (IPO) (The Times of India, 16-Apr-2010). However, the airline has “some bank working” on the proposal to reportedly raise up to USD450 million. UBS AG, Morgan Stanley, Credit Suisse Group and Citigroup Inc have been retained to evaluate the proposal (Live Mint, 15-Apr-2010).

Every year bankers come and talk to us and we consider various options. This year is no different. We have some banks working on it. But no decision has been made yet,” Aditya Ghosh, President. Source: The Times of India, 16-Apr-2010.

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