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IndiGo to launch up to $400 million IPO on Oct 26 - sources

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Reuters MUMBAI

MUMBAI (Reuters) - The operator of top Indian airline IndiGo is set to launch an initial public offering (IPO) worth up to $400 million on Oct 26, three sources directly involved in the transaction said on Wednesday.

The share offering by InterGlobe Aviation Ltd , which runs the low-cost carrier, will close on Oct. 28, said the sources, who declined to be named as the information is not yet public.

A spokeswoman for IndiGo said the dates for the offering had yet to be finalised.

(Reporting by Sumeet Chatterjee; Editing by Clara Ferreira Marques)

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First Published: Oct 14 2015 | 9:38 PM IST

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