Go Airlines has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 3,600 crore through an initial public offering (IPO). The company, which filed the draft red herring prospectus with the SEBI in May, got the regulator’s approval on August 26, 2021.
From the net IPO proceeds, the airline plans to utilise over Rs 2,015.81 crore towards pre-payment or scheduled repayment of all or a portion of certain outstanding borrowings. Global coordinators and Book Running Lead Managers to the issue are ICICI Securities, Citi and Morgan Stanley.
Go Airlines operates as an aviation company. The company provides air transportation services for passengers, baggage, and cargo. Go Airlines serves customers in India.
