IndiGo’s parent InterGlobe Aviation has raised Rs 832 crore by allotting shares at the upper price band of Rs 765 apiece from anchor investors.
More than 40 anchor investors including the Singapore government, Monetary Authority of Singapore, Goldman Sachs India Fund, Abu Dhabi Investment Council- Tallyfish, Indus India Fund (Mauritius) Ltd, Kuwait Investment Authority Fund 224, Credit Suisse Singapore Ltd and Sundaram Mutual Fund, has been allotted little over 1.08 crore shares by the company.
InterGlobe likely to hit the capital market for raising Rs 3,018 crore via the initial public offering, the biggest in almost three years. The offer’s price band has been fixed at Rs 700-765 per share.
According to a regulatory filing the IPO committee of the company’s board of directors has finalized the allocation of little over 10.87 million (1.08 crore) shares to anchor investors at the price of Rs 765 apiece.
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