LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » Companies News

InterGlobe Aviation's share sale to fetch up to Rs 3,945 crore

The company would offload up to 3.36 crore shares to eligible qualified institutional buyers on September 15 and the price band for the share sale has been fixed at Rs 1,1251,175 apiece, according to notices on the stock exchanges.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
InterGlobe Aviation's share sale to fetch up to Rs 3,945 crore
An Indigo plane readies for boarding at an airport. Photo: Indigo Official Twitter
Written By: PTI
Updated: Thu, Sep 14, 2017
08:41 am
New Delhi, PTI
RELATED NEWS
Patna: Murdered IndiGo airlines manager's family demands CBI probe Patna: Murdered IndiGo airlines manager's family demands CBI probe
IndiGo looks to achieve pre-Covid traffic levels in next few months IndiGo looks to achieve pre-Covid traffic levels in next few months
SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector
IndiGo introduces service fee for check-in counter usage IndiGo introduces service fee for check-in counter usage
Stocks in Focus on August 11: Titan, Power Grid to Telecom Stocks; here are expected newsmakers of the day Stocks in Focus on August 11: Titan, Power Grid to Telecom Stocks; here are expected newsmakers of the day

IndiGo's parent InterGlobe Aviation plans to raise up to Rs 3,945 crore through sale of shares to qualified institutional investors on September 15.

Apart from fresh issuance of shares, some promoter entities would be selling shares to qualified institutional buyers.

The company would offload up to 3.36 crore shares to eligible qualified institutional buyers on September 15 and the price band for the share sale has been fixed at Rs 1,1251,175 apiece, according to notices on the stock exchanges.

At the upper end of the band, the sale would fetch up to Rs 3,945.46 crore.

The price band is less than today's closing price of Rs 1,196.70 on the BSE.

Citigroup Global Markets India, J P Morgan India and Morgan Stanley India Company are the book running lead managers to the issue.

InterGlobe Aviation got listed on the exchanges in November 2015 and the promoters' holding stood at 85.88 per cent at the end of June 2017.

The company is required to have at least 25 per cent public shareholding within three years of listing.

Against this backdrop, promoter entities are planning to sell shares of the company.

Under the institutional placement, up to 3.36 crore shares are proposed to be sold. It would comprise fresh issue of 2.24 crore shares and offer for sale by four promoter entities.

Rakesh Gangwal, Shobha Gangwal, Asha Mukherjee and Chinkerpoo Family Trust will offload up to 1.12 crore shares.

Besides, promoter entities -- Kapil Bhatia, Rahul Bhatia and Rohini Bhatia -- (IGE Group) would sell shares before November 8, 2018.

This would be to fulfill the "IGE Group's contribution to meet the existing percentage prescribed under requirements for minimum public shareholding", the company had said in a filing on Monday. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
IndiGoInterGlobe AviationIndigo share salequalified institutional investorsMarketsInvestmentFund raisingavaiation
RELATED NEWS
Patna: Murdered IndiGo airlines manager's family demands CBI probe Patna: Murdered IndiGo airlines manager's family demands CBI probe
IndiGo looks to achieve pre-Covid traffic levels in next few months IndiGo looks to achieve pre-Covid traffic levels in next few months
SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector SpiceJet and Indigo share prices: HSBC highlights key pointers in the Aviation Sector
IndiGo introduces service fee for check-in counter usage IndiGo introduces service fee for check-in counter usage
Stocks in Focus on August 11: Titan, Power Grid to Telecom Stocks; here are expected newsmakers of the day Stocks in Focus on August 11: Titan, Power Grid to Telecom Stocks; here are expected newsmakers of the day

LATEST NEWS

UK retail sales suffer record fall in 2020

Subhas Chandra Bose 125th birth anniversary: PM Modi to visit Kolkata to address 'Parakram Diwas' celebrations; will also disburse plot certificates in Assam

Republic Day 2021: Full-dress rehearsal today, these metro stations to remain closed till noon; check Delhi Police traffic advisory here

Stock Market Outlook with Anil Singhvi: On Nifty, Bank Nifty, Market Guru reveals what will be critical for investors to watch out for

With 160,700 units, Maruti Suzuki Swift emerges as best-selling car in 2020

Budget 2021: Work in unison to contain Covid 19 spread—LS Speaker Birla tells agencies ahead of budget session

Employees Provident Fund (EPF) wage ceiling: PF deduction on Rs 21,000 instead of Rs 15,000 likely soon

Microsoft roll back Xbox Live Gold price hike after backlash from gaming community

Telcos want govt to clarify onus of security breach post NSD rollout, ensure price competitiveness

7 planets orbiting TRAPPIST-1 may be made of similar stuff

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved