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.
