Shares of Aviation companies like SpiceJet and Jet Airways Friday settled with gains of more than 5 percent, after a record profit announced by their unlisted counterpart IndiGo, boosted investor sentiments.
No-frills carrier IndiGo on Wednesday said it is in preliminary discussions with Qatar Airways to explore a marketing collaboration but termed as "baseless" reports of the airline offloading stake to the Gulf carrier.
The owner of India`s biggest airline, budget carrier IndiGo, is seeking to raise more than USD 400 million in an initial public offering to fund expansion into one of the world`s fastest growing and most competitive domestic air travel markets.
In a big day for IPOs, at least three companies -- low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam -- have lined up public offers to raise an estimated over Rs 3,000 crore from investors.
Heating up the IPO space, over 30 companies have lined up plans to raise funds totalling over Rs 20,000 crore through public offers, including big names like IndiGo, Cafe Coffee Day, Matrix Cellular and GVK Airport.