India’s Largest Airline Considers Right Moment for its Public Offering
Privately held IndiGo, India’s largest airline by passengers carried, may consider raising funds from the public but an analyst said the firm will have to wait for the right time.
IndiGo had hired five investment bankers, which included JM Financial Ltd, Credit Suisse Group AG, Citigroup Inc., UBS AG and Morgan Stanley, in 2010 for a potential initial public offering (IPO), Mint reported on 4 October, 2010. The plan did not materialize.
Rivals Jet Airways (India) Ltd and SpiceJet Ltd are listed at BSE.
“Is it gonna happen tomorrow? No, I don’t think so. In overtime maybe… Is it imminent? I don’t think so,” IndiGo promoter Rahul Bhatia told reporters on Saturday on the sidelines of launching a new pilot training facility in Greater Noida.