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Go Airlines gets Sebi nod for Rs 3,600 crore IPO
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Go Airlines IPO: Take-off temporarily halted by regulator
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GO Airlines IPO: Sebi keeps in abeyance processing of Go Airlines draft IPO papers
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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.