MoneyWorks4Me

InterGlobe Aviation raises Rs 3,795 crore by selling shares to institutional investors

22 Sep 2017 Evaluate

InterGlobe Aviation has raised nearly Rs 3,795 crore by selling shares to institutional investors. An allotment of around 3.36 crore shares at a price of Rs 1,130 apiece has been approved by the company’s issue of securities committee of the board on September 21, 2017.

Four promoter entities of the company -- Rakesh Gangwal, Shobha Gangwal, Asha Mukherjee and Chinkerpoo Family Trust -- mopped up Rs 1,265 crore through the institutional placement of shares. 

InterGlobe Aviation (IndiGo) provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.


Peers
Company Name CMP
Interglobe Aviation 4796.00
SpiceJet 8.61
TAAL Tech 964.35
Taneja Aerospace 328.95
Global Vectra Helico 121.70
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