6-Oct-2010 10:08 AM

IndiGo to raise USD500m through IPO

IndiGo plans to raise USD500 million (INR2,215 crore) through an initial public offering (IPO) in Mar-2011 (Live Mint, 04-Oct-2010). Ahead of its IPO, the carrier is looking at an equity placement that could result in dilution of the promoters’ stake of as much as 25%.