InterGlobe Aviation’s two promoter entities are planning to offload shares worth at least Rs 1,245 crore through the offer for sale route. The sale would help InterGlobe Aviation, parent of no- frills airline IndiGo, meet the minimum public shareholding requirement for listed companies. The floor price has been fixed at Rs 1,130 per share. The Offer for Sale (OFS) window would open on December13 and close on December 14.
Under the OFS, Acquire would sell up to 7,952,807 equity shares representing 2.07 per cent stake while IGE would offload 3,240,000 shares accounting for 0.84 per cent shareholding.
IndiGo provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
