Mumbai: Eleven days before filing the draft red herring prospectus
(DRHP) with the Securities and Exchange Board of India (SEBI) on June
30, 2015 to raise $400 million through an initial public offer (IPO),
the board of directors of InterGlobe Aviation Ltd. that owns low-cost
airline IndiGo approved the payment of final interim dividend of Rs.99.7
crore to promoters for 2014-15.
The board also approved a dividend payment of Rs.1,002.90 crore to the promoters for 2015-16 as well.
This move has evoked mixed reaction from analysts and experts who spoke on the condition of anonymity. While a section finds this perfectly normal for a private company, others feel that the money should have stayed in the company for its expansion and capital requirement purposes.
Read news in full 20/07/15 Lalatendu Mishra/The Hindu
The board also approved a dividend payment of Rs.1,002.90 crore to the promoters for 2015-16 as well.
This move has evoked mixed reaction from analysts and experts who spoke on the condition of anonymity. While a section finds this perfectly normal for a private company, others feel that the money should have stayed in the company for its expansion and capital requirement purposes.
Read news in full 20/07/15 Lalatendu Mishra/The Hindu
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