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Birds rest on the logo of the Securities and Exchange Board of India, which has put the IPOs of Go Air and Aditya Birla MF on hold (SEBI), FILES/Shailesh Andrade/REUTERS
Dhanjal, Swaraj Singh
29th of June, 2021
The Securities and Exchange Board of India (Sebi) said on Monday that the IPO approval process for low-cost carrier Go Airlines (India) Ltd and Aditya Birla Sun Life AMC has been put on hold.
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AMC Aditya Birla Sun Life Aditya Birla Sun Life Aditya Birla Sun Life Aditya Birla Sun
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Opinion
What can a struggling airline anticipate in terms of valuation? With Go Airlines’ India IPO, we’ll find out.
IndiGo has revealed plans to raise $409 million through a qualified institutional placement, which could dampen interest in the IPO.
Markets & Initial Public Offerings
Go Airlines, an Indian low-cost carrier, has filed for an initial public offering (IPO) to raise $491 million.
The proceeds of the offering will be used to settle up to $274 million in outstanding debt.
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