{"id":422976,"date":"2021-06-29T08:27:34","date_gmt":"2021-06-29T02:57:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422976"},"modified":"2021-06-29T08:40:08","modified_gmt":"2021-06-29T03:10:08","slug":"sebi-keeps-approval-to-go-airs-rs-3600-crore-ipo-in-abeyance","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sebi-keeps-approval-to-go-airs-rs-3600-crore-ipo-in-abeyance\/","title":{"rendered":"Sebi keeps approval to Go Air&#8217;s Rs 3,600-crore IPO in abeyance"},"content":{"rendered":"<p>The Securities and Exchange Board of India (Sebi) has kept the approval of Go Airlines (India)\u2019s Rs 3,600-crore initial public offering (IPO) in abeyance.<\/p>\n<p>While the airline denied receiving any communication from the stock market regulator, Sebi\u2019s website shows that it had sought clarifications from ICICI Sec\u00adurities, the lead banker for the pre-issue, on June 11. The issuance of observations on the airline\u2019s draft red herring prospectus has been kept in abeyance, it said. <\/p>\n<p>The Wadia-group owned airline was rebranded as Go First, positioning itself as an ultra-low-cost airline and filed papers last month to raise Rs 3,600 crore through a share sale. It plans to use the proceeds to meet its debt obligations, pay oil companies, replace letters of credit given to aircraft lessors towards lease rent, and future maintenance of aircraft.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India (Sebi) has kept the approval of Go Airlines (India)\u2019s Rs 3,600-crore initial public offering (IPO) in abeyance. While the airline denied receiving any communication from the stock market regulator, Sebi\u2019s website shows that it had sought clarifications from ICICI Sec\u00adurities, the lead banker for the pre-issue, on June 11. The issuance of observations on the airline\u2019s draft red herring prospectus has been kept in abeyance, it said. The Wadia-group owned airline was rebranded as Go First, positioning itself as an ultra-low-cost airline and filed papers last month to raise Rs 3,600 crore through [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-422976","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422976","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=422976"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422976\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}