In today’s briefing:
- Interglobe Aviation (Indigo) Placement – Has Sold Before, Will Sell Again
- Morning Views Asia: Vedanta Resources
Interglobe Aviation (Indigo) Placement – Has Sold Before, Will Sell Again
- Indigo’s co-founder Rakesh Gangwal aims to raise around US$375m via selling around 4.0% of the company.
- He had earlier stated his intention to pare down his stake after a long drawn, and very public battle, with the other co-founder. He last sold in Sep 2022.
- In this note, we will talk about the placement and run the deal through our ECM framework.
Morning Views Asia: Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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