Even after this sale, the founder group will continue to have a substantial shareholding in the company.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
2nd time within a few days RIL has hit the forex debt market.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
Reports have suggested Rs 400-650 as the possible IPO price
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
'The government has used the current macro situation to its advantage.'
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