InterGlobe Aviation is planning to raise up to Rs 3,945 crore through sale of shares to qualified institutional investors on September 15. Apart from fresh issuance of shares, some promoter entities would be selling shares to qualified institutional buyers. The company would offload up to 3.36 crore shares to eligible qualified institutional buyers on September 15 and the price band for the share sale has been fixed at Rs 1,125– 1,175 apiece. At the upper end of the band, the sale would fetch up to Rs 3,945.46 crore.
InterGlobe Aviation (IndiGo) provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
