{"id":423201,"date":"2021-06-30T08:34:44","date_gmt":"2021-06-30T03:04:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423201"},"modified":"2021-06-30T08:50:51","modified_gmt":"2021-06-30T03:20:51","slug":"debt-laden-go-airlines-planned-485-million-ipo-put-on-hold-by-sebi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/debt-laden-go-airlines-planned-485-million-ipo-put-on-hold-by-sebi\/","title":{"rendered":"Debt-laden Go Airlines&#8217; planned $485 million IPO put on hold by Sebi"},"content":{"rendered":"<p>Go Airlines India Ltd.\u2019s plans to raise 36 billion rupees ($485 million) via an initial public offering have been put on hold by India\u2019s market regulator, dealing another blow to the debt-laden carrier whose business has been decimated by the coronavirus pandemic. <\/p>\n<p>Go Airlines\u2019 share sale documents will be \u201ckept in abeyance,\u201d the Securities and Exchange Board of India said in a filing late Monday, without specifying the reason why. <\/p>\n<p>A spokeswoman for Go Airlines said the company hasn\u2019t received any communication from Sebi. <\/p>\n<p>That delay is sure to be damaging to Go Airlines, which was depending on the IPO proceeds to repay debt and dues to creditors including Indian Oil Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go Airlines India Ltd.\u2019s plans to raise 36 billion rupees ($485 million) via an initial public offering have been put on hold by India\u2019s market regulator, dealing another blow to the debt-laden carrier whose business has been decimated by the coronavirus pandemic. Go Airlines\u2019 share sale documents will be \u201ckept in abeyance,\u201d the Securities and Exchange Board of India said in a filing late Monday, without specifying the reason why. A spokeswoman for Go Airlines said the company hasn\u2019t received any communication from Sebi. That delay is sure to be damaging to Go Airlines, which was depending on the IPO [&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-423201","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\/423201","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=423201"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423201\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}