Indigo says working with banks for IPO

Indigo says working with banks for IPO: "New Delhi: Budget carrier Indigo Monday said that it has roped in some banks to work on its initial public offer, through which it could raise around Rs 1,500 crore.

'We have some banks working on it, but no decision has been made yet,' Indigo President Aditya Ghosh said.

Ghosh was reacting to market speculation that the low cost carrier had roped in four banks -- Morgan Stanley India, Citigroup Global Markets India, UBS Securities India and Credit Suisse Securities India -- to work on its IPO to raise around Rs 1,500 crore."