SEBI seeks fresh clarifications on IndiGo IPO

Mumbai, Aug 3 (IANS) The Securities and Exchange Board of India (SEBI) has sought fresh clarifications from InterGlobe Aviation, owners of budget carrier IndiGo, on its proposed Rs.2,500 crore initial public offer (IPO).

The market regulator said in its latest weekly update that clarifications were awaited on the IPO from the lead manager as of July 31.

Citigroup, JPMorgan India, Morgan Stanley, Barclays, UBS Securities India and Kotak Mahindra Capital are the managers for the offer, under which the company plans to issue fresh shares worth Rs.1,272 crore.

The next update will be uploaded on the Sebi website on August 10.

The regulator had last received a communication from the merchant bankers on July 29. Indigo had filed its draft offer document with SEBI on June 30.

Sebi had earlier sought clarification on the IPO of InterGlobe Aviation.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here