Indian budget airline IndiGo is set to launch an expected $465 million (AED1.7 billion) initial public offering (IPO) this week. The IPO - India's largest in three years - is expected to open on Tuesday until Oct 29, reports said. Operated by InterGlobe Aviation, IndiGo is the country's largest airline by passenger numbers. It is expecting a valuation of $4 billion (AED14.69 billion) with shares initially priced in the range of Rs 700-765 (AED39.6- 43.2).
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UAE Central Bank support package reaches AED 6.2 billion
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Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
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ADNOC backs UAE's AED1 billion National Industrial Resilience Fund
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