IndiGo Looking To Raise $400 Million In Stock Market Listing On Tuesday

30/06/2015 12:07 PM IST | Updated 15/07/2016 8:25 AM IST
In this photograph taken on November 10, 2014 an aircraft of the Indian budget carrier IndiGo undergoes maintenance at the Sri Lankan airlines technical service centre at the main international airport in Colombo. Sri Lanka has decided to build its own aircraft repair, maintenance and overall (MRO) facility targeting regional airlines after scrapping joint venture plans with a German company, officials said November 11, 2014. AFP PHOTO / LAKRUWAN WANNIARACHCHI (Photo credit should read LAKRUWAN WANNIARACHCHI/AFP/Getty Images)

MUMBAI — India's biggest airline, IndiGo, is likely to file the prospectus for a stock market listing that will raise around $400 million later on Tuesday, two banking sources with knowledge of the matter said.

The initial public offering will include about $200 million of fresh equity infusion, the sources said, declining to be named because they were not authorised to speak to the media.

IndiGo, owned by hospitality and travel company InterGlobe Enterprises, is India's largest airline by market share.

A spokesperson for the carrier was not immediately available for comment.

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