You too can have a share in IndiGo’s success. Here’s how
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After having grabbed a lion’s share in the Indian aviation market, Sources have confirmed that bankers are working on the IPO at a frantic pace as current market conditions are favourable for going public, especially for a company with a proven track record like Indigo. The air line has not commented on this issue.
Presently, there are only two listed airlines--Jet Airways and
IndiGo is going public to fund its ambitious expansion plan as it has placed orders for 530
At present, when both Jet and SpiceJet are in a sticky wicket, IndiGo is the only profitable airline on Indian sky. To believe the sources, the airline has been preparing for the IPO since last year when it restructured its shareholding and became eligible for foreign direct investment (
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The ET further reports, IndiGo's holding company
This restructuring enables IndiGo to sell shares to FIIs. It’s consistency in making profit has invited a number of foreign carriers including
Centre for Asia Pacific Aviation India head
(Image: India Times)
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