Issuance of fresh equity shares.
Go Airlines to make repayment of dues of Rs 254.93 crore to IOL.
New Delhi: Go Airlines, which has rebranded itself as Go First , has filed preliminary papers for an initial share sale worth Rs 3,600 crore and the proceeds will be mainly used to repay dues amid the aviation industry facing strong headwinds due to the coronavirus pandemic.
After taking to the skies 15 years ago, the Wadia group-promoted budget carrier which has ambitious expansion plans is looking to mop up the amount through issuance of fresh equity shares. It also has plans to raise up to Rs 1,500 crore by way of a pre-IPO placement.
Go Airlines files draft papers for Rs 3,600 crore-IPO
NEW DELHI, May 14: Go Airlines, which has rebranded itself as ‘Go First’, has filed preliminary papers for an initial share sale worth Rs 3,600 crore and the proceeds will be mainly used to repay dues amid the aviation industry facing strong headwinds due to the coronavirus pandemic.
After taking to the skies 15 years ago, the Wadia group-promoted budget carrier which has ambitious expansion plans is looking to mop up the amount through issuance of fresh equity shares. It also has plans to raise up to Rs 1,500 crore by way of a pre-IPO placement.
5 hours ago
Info Edge, one of Zomato’s earliest and largest shareholders, will sell shares worth ₹750 crores in the upcoming initial public offering (IPO), regulatory filings revealed.
The food delivery company’s public offering is one of the most keenly anticipated IPOs and the company is expected to have a valuation of $6-$8 billion. The company filed a Draft Red Herring Prospectus (DRHP) today.
“The Board of Directors of the Company today considered and have given their approval to the Company to participate in the said Offer for Sale of up to such number of shares of Zomato Limited as would aggregate upto ₹ 7,500 million, the terms and conditions of which will be specified in the Draft Red Herring Prospectus, the Red Herring Prospectus and the Prospectus, and in certain other offer documents and agreements” – Info Edge
Info Edge share rises over 3% as firm to sell stake in Zomato IPO
Info Edge stock touched an intraday high of Rs 5,100, rising 3.14% against previous close on BSE
BusinessToday.In | April 28, 2021 | Updated 13:01 IST
Info Edge share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Info Edge share rose over 3% today after board of directors of the firm approved sale of the company s stake worth Rs 750 crore in Zomato during the latter s upcoming initial public offering (IPO).
The parent company will offload the shares via offer for sale.
Info Edge stock has gained 10.19% in the last 9 days. The share opened with a gain of 2.62% at Rs 5,074 today against previous close of Rs 4,944 on BSE.
Info Edge on Tuesday said it will sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato. In a regulatory filing, Info Edge said Zomato an online food delivery platform is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to such number of shares of Zomato Ltd as would aggregate upto Rs 7,500 million., it added.