NEW DELHI—Indigo, India’s biggest and most profitable carrier, plans to raise about $400 million through sale of shares in an initial public offering (IPO), in an attempt to grow its fleet and retain control of the country’s increasingly competitive airline market. InterGlobe Aviation Ltd., the LCC’s owner, has filed a draft prospectus with capital-markets regulator Securities Exchange Board of India for its proposed IPO, to raise around 12.72 billion rupees ($200 ...


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