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India's InterGlobe Aviation, operator of IndiGo, files for IPO

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Reuters MUMBAI

MUMBAI (Reuters) - India's InterGlobe Aviation Ltd, which operates the country's biggest airline IndiGo, on Tuesday filed a draft prospectus for an initial public offering to list on the domestic stock market.

InterGlobe Aviation said in a statement the initial public offering would include fresh equity of up to 12.7 billion rupees ($199.64 million) and the sale of up to 30.15 million shares by some of its shareholders.

Banking sources told Reuters earlier on Tuesday the listing is expected to raise around $400 million in total.

(Reporting by Tommy Wilkes; Editing by Anand Basu)

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First Published: Jun 30 2015 | 6:33 PM IST

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