Low cost airline Air Deccan has filed an application with SEBI for entering the capital market.
The Western Vidarbha region comprising three districts of Akola, Washim and Buldana recorded bids of over Rs 50 crore (Rs 500 million) in the IPO that had opened on January 15, according to banking and private money market sources.
The IPO exercise is likely to begin in 2-3 months and will be completed within a year, BSNL said.
