India's largest carrier IndiGo said on June 30 it hoped to raise almost $200 million in an initial public offering, as it tries to maintain its dominance of the competitive budget airline sector.
The New Delhi-based airline announced in a statement that it intends to sell more than 30 million shares valued at around $199 million, lower than what analysts had expected. "The equity shares offered through the issue are proposed to be listed on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited," read the statement emailed to AFP.