{"id":399580,"date":"2021-02-08T12:26:56","date_gmt":"2021-02-08T06:56:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399580"},"modified":"2021-02-08T12:39:30","modified_gmt":"2021-02-08T07:09:30","slug":"goair-plans-ipo-to-raise-rs-3000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goair-plans-ipo-to-raise-rs-3000-crore\/","title":{"rendered":"GoAir plans IPO to raise Rs 3,000 crore"},"content":{"rendered":"<p>Mumbai: GoAir, the budget airline of the Wadia Group, plans to launch its initial public offering soon, two people said, reviving a share-sale plan that\u2019s been deferred several times since 2017.<\/p>\n<p>The exercise of taking the airline public to raise about \u20b93,000 crore has started, with the appointment of Citigroup, ICICI Securities and Morgan Stanley as the bankers, a top Wadia group official said.<\/p>\n<p>\u201cWe are looking at raising long-term funds and reducing debt. We have been told that given the current market sentiment, it is the right time to raise resources,\u201d the official said. The Wadia Group will likely dilute 30% of its stake in GoAir.<\/p>\n<p>A GoAir spokesperson, responding to ET\u2019s query, said the company does not comment on speculation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: GoAir, the budget airline of the Wadia Group, plans to launch its initial public offering soon, two people said, reviving a share-sale plan that\u2019s been deferred several times since 2017. The exercise of taking the airline public to raise about \u20b93,000 crore has started, with the appointment of Citigroup, ICICI Securities and Morgan Stanley as the bankers, a top Wadia group official said. \u201cWe are looking at raising long-term funds and reducing debt. We have been told that given the current market sentiment, it is the right time to raise resources,\u201d the official said. The Wadia Group will likely [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-399580","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}