Indian low-cost carrier (LCC) IndiGo is looking to raise up to $500 million in an upcoming initial public offering (IPO) to cut debt and fund a recent $26 billion aircraft order. Slated for the end of October, the IPO will place some 12% of the company’s shares into the market. IndiGo president Aditya Ghosh said the offering would help capitalize on its previous successes in the competitive domestic market. Indigo carried 32% of Indian domestic traffic in 2014, with 21.4 million ...

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