Privately held IndiGo, India’s largest airline by passengers carried, is not ruling out the option to go public to raise funds, the carrier’s promoter said.
IndiGo had hired five investment bankers, including JM Financial Ltd, Credit Suisse Group AG, Citigroup Inc., UBS AG and Morgan Stanley in 2010 for a potential IPO, Mint had reported on 4th October that year. The plan does not seem to have materialized then.
Rivals Jet Airways (India) Ltd and SpiceJet Ltd are both listed at the Bombay Stock Exchange.
“Is it gonna happen tomorrow? No I don’t think so. In overtime maybe… Are we sort of..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.
Full report here Mint