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InterGlobe Aviation, which runs no-frills carrier IndiGo, is set to hit capital markets with its public offer or initial public offering (IPO) on October 27 and will close on October 29. The company has fixed the price band for its initial share sale at Rs 700-765, through which it could raise up to a little over Rs 3,000 crore. According to InterGlobe Aviation it will retire nearly one-third of its total debt of Rs 3,912 crore from the share-sale proceeds. (Express photo by Jaipal Singh)
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During the cruise, a passenger, who was travelling with his friends to Bengaluru, complained of chest pain and breathlessness and when asked, he informed cabin crew of flight (6E-716) that he was travelling for his medical treatment.(Reuters photo)
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Aditya Ghosh, president, whole-time director, Indigo Airlines gives five reasons why an investor should subscribe to InterGlobe Aviation IPO. (PTI Photo)
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1. We are the most profitable airline in fastest growing aviation market in the world. The company is the most profitable in India since FY 2009. (Reuters photo)
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2. The airline is expected to see a 20 per cent growth in future. (PTI Photo)
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3. Costs structures are coming down which can help us to generate decent profits going forward. (Reuters photo)
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4. We have got a competitive advantage which no one can replicate for the next five years. (Express photo by Jaipal Singh)
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5. Indigo is the largest domestic career with 33.9 per cent market share. (Express photo by Kamleshwar Singh)
