GoAir to offload 26% stake

Aviation seems to be the next big frontier for India Inc with even the low cost carriers talking big business. There's been lots of talk around Jet Airways eyeing a stake in the Wadia owned Go Air. However, it's now time for some real action because Go Air is talking to private equity players for off loading about 26 per cent stake. Sources said that Go Air is ready to strike a deal with Chicago-based Gatx Corporation and Boston-based Wellington Management offloading 26 per cent equity stake in the company. The valuation of Go Air is pegged at around Rs 400 crore. "We are in talks with strategic investor who will bring on to the table value, not just money," said Jeh Wadia, MD, Go Air.

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