NEW DELHI: Bidding opened yesterday for shares in the parent company of India’s leading airline, IndiGo, the nation’s biggest initial public offering (IPO) in almost three years.
InterGlobe Aviation Ltd and its existing investors are seeking to raise as much as 30.01 billion rupees (US$462mil), according to terms for the deal obtained by Bloomberg, which would make it India’s largest IPO since Bharti Infratel Ltd’s December 2012 offering.
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