GoAir plans ₹2,500 crore-IPO early next fiscal; likely to file preliminary papers in April
MUMBAI : No-frills airlineGoAir plans to come out with a ₹2,500 crore-initial share sale early next fiscal, according to sources, news agency PTI reported.
GoAir has been working on expansion plans and an Initial Public Offer (IPO) will help in raising funds. GoAir flies to 39 destinations, including 10 international ones.
The budget carrier, which started operations in 2005, has been contemplating about going public in the last couple of years. The airline, which has also been witnessing frequent churns in the top management, could not come out with the IPO on a few occasions earlier.
