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GoAir looks to raise Rs 5,000 crore via IPO by March 20


The airline has expanded at a break-neck speed since then and is now looking at the equity dilution to fund its expansion plans through an IPO. (Reuters)

GoAir, the country’s fourth largest airline by market share, is looking to raise close to Rs 5,000 crore through its initial public offer (IPO). Sources close to the matter claim that the airline is looking to dilute around 25% or more for the same. The airline has appointed Morgan Stanley, JM Financial, ICICI Securities and Citi as lead bankers for its public issue.

ICICI Securities and JM Financial did not respond ...


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