ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
IPO

Wadia braves rocky IPO market, mounting losses to list Go Airlines

Indian tycoon is focusing on long term as he floats low-cost carrier

A Go Air plane at Mumbai's domestic airport. Nusli Wadia, the chairman of the Wadia group of companies, is getting ready to sell shares in the carrier.   © Reuters

MUMBAI -- Known as the "Corporate Samurai'' of India Inc., Nusli Wadia, the chairman of the Wadia group of companies, is gearing up for a new battle.

The 77-year-old billionaire is planning to sell shares in Go Airlines (India), his low-cost carrier, just as the Indian stock market comes off record highs and after the nation's biggest initial public offering, by Paytm, bombed soon after its listing.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more