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INTERGLOBE AVIATION IPO
IndiGo promoter offloads 2% stake in Rs 3,367 crore block dealInterGlobe Enterprises, owned by Rahul Bhatia's family, sold 2% stake in IndiGo for Rs 3,367 crore, marking their first stake sale post IPO.
IndiGo promoter Bhatia family may sell 2% for $394 millionBhatia Family selling 2% stake in IndiGo for ₹3,292.3 crore through a block deal. First stake sale post IPO. InterGlobe Enterprises selling...
Three of the four listed aviation stocks struggling for a lift-offInterGlobe Aviation, SpiceJet, Jet Airways, and Global Vectra Helicorp are companies listed on Indian stock exchanges. InterGlobe Aviation ...
IndiGo spat: Rahul Bhatia's group responds to Gangwal's allegations, says 'paan ki dukaan' has apparently done well"Gangwal's charges bout lack of corporate governance are much ado about nothing," InterGlobe Aviation said.
- Buy InterGlobe Aviation Ltd., target Rs 1100.0 : Citigroup
The global investment bank upgraded the stock to buy as the competition has eased. And, given the fact that the stock has corrected in the ...
InterGlobe falls from grace, slumps below listing priceThe stock became the darling of investors after its listing, but has fallen 63% from its 52-week high of Rs 1,394 hit to slip below its lis...
Aviation stocks on flight: How long will this big rally sustainAviation stocks are becoming the most sought after play in the Indian market, thanks to many factors swaying in favour of these stocks.
InterGlobe Aviation to list its shares tomorrowThe company has raised Rs 3,008.5 crore at issue price of Rs 765 per share from its recently concluded, over-subscribed IPO.
Rakesh Jhunjhunwala makes huge bid in IndiGo IPOOften called India's Warrent Buffett, Jhunjhunwala was also one of the early-stage investors in SpiceJet, another low-cost airline.
InterGlobe Aviation's Rs 3,018 crore IPO over-subscribed by two times on Day 3The IPO received bids for 3,20,48,760 shares against the total issue size of 3,01,22,088 shares, data available with the NSE showed.
IndiGo's parent company's IPO off to a flying start; subscribed 87%With this, the IPO has emerged as the most sought after public offer so far this year as the issue witnessed strong investor response on th...
Retail investors should wait for secondary market listing as IndiGo IPO valuation highEven though IndiGo has superior financials and dominant market share in India, the IPO appears expensive from retail investors’ perspective.
IndiGo lowers IPO size to Rs 3,000 crore; one promoter to sell lessThe reduction came on the first day of the roadshow for the IPO, which is being seen as a test case for revival of big-ticket share sales i...
IndiGo to retire Rs 1,166 crore debt from IPO proceedsInterGlobe Aviation is the holding company of IndiGo airline. The company said it will retire Rs 1,166 crore out of its Rs 3,912-crore debt...
IndiGo Airlines IPO to open on October 27, price band Rs 700-765The IPO will involve fresh issue of equity capital aggregating up to Rs 1,272 crore and offer for sale of up to 26,112,000 equity shares.
India's IndiGo airline IPO price band set at Rs 700-765: SourcesThe low-cost airline's IPO will open on Oct. 27 and close on Oct. 29, according to the company's share sale prospectus issued on Friday.
IndiGo share price to be between Rs 400 to Rs 418: SpeculationMarket is rife with rumours that InterGlobe Aviation, the parent of the low cost airline IndiGo which is set to hit the primary markets wit...
IndiGo seeks FIPB approval to change stakeholding statusTo be able to get 4% FDI, IndiGo has sought FIPB nod to convert Gangwal's 47.9% stakeholding from FDI to investment under NRI head.
IndiGo seeks nod from FIPB to free up FDI capAccording to the FDI rules, overseas companies and airlines are allowed to hold up to 49% in an Indian airline.
IndiGo plans to hit the IPO market by Q3 FY14: SourcesThe airline's holding company, InterGlobe Aviation is gearing up to hit the capital market with a big-bang IPO by the third quarter of this...