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IndiGo gets shareholders’ nod to raise Rs 3,000 crore

28 Jun 2021 Evaluate

InterGlobe Aviation’s (IndiGo) shareholders have approved a proposal to raise up to Rs 3,000 crore amid the airline industry facing strong headwinds due to the coronavirus pandemic. The funds would be raised through the Qualified Institutional Placement route.

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

Peers
Company Name CMP
Interglobe Aviation 4979.95
SpiceJet 9.13
TAAL Tech 1190.00
Taneja Aerospace 367.00
Global Vectra Helico 137.35
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