Interglobe replies to Sebi query on IPO

Sebi doesn't disclose the nature or details of the clarification it asks on IPOs

Interglobe Aviation, which operates IndiGo, has submitted clarifications sought by the Securities and Exchange Board of India on its Rs 2,500-crore initial public offering (IPO). Late last month, Sebi had sought clarification from the lead managers  on the IPO. Sebi did not disclose the nature or details of the clarification. Citigroup, JPMorgan India, Morgan Stanley, Barclays, UBS Securities India and Kotak Mahindra Capital Company are the lead managers.

Interglobe will be able to launch its IPO once the market regulator issues final observations on its issue.