IndiGo's IPO gets Sebi nod

Low-cost airline IndiGo's parent firm InterGlobe Aviation has received approval from market regulator Sebi for its Rs.2,500-crore IPO.
Under the offer, the company plans to issue fresh shares worth Rs.1,272 crore. An equivalent amount can be raised through sale of up to 3 crore shares by its existing shareholders.
Sebi has cleared the proposed initial share sale and gave its final observations on the IPO on September 11. The papers for the IPO were filed with Sebi in June.

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