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The Delayed IPO of Nusli Wadia-backed Go First

The Delayed IPO of Nusli Wadia-backed Go First

The much-awaited IPO of Go First (formerly GoAir) on December 8 did not materialise, putting the Nusli Wadia-backed company’s plans in abeyance

Nusli Wadia Nusli Wadia

The much-awaited IPO of Go First (formerly GoAir) on December 8 did not materialise, putting the Nusli Wadia-backed company’s plans to raise Rs 3,600 crore from the bourses in abeyance. Much of the money was to be used for paying off debt. But perhaps the company played safe, considering the subdued investor response to Paytm and Star Health Insurance IPOs.

Published on: Dec 25, 2021, 8:54 AM IST
Posted by: Vivek Dubey, Dec 25, 2021, 4:13 AM IST