InterGlobe Enterprises plans to bid for bankrupt Virgin Australia

InterGlobe Enterprises plans to bid for bankrupt Virgin Australia

The Rs3,010 crore IndiGo IPO, which closed on 29 October, was subscribed 6.14 times, as financial institutions and high networth individuals sought to tap the world’s fastest growing aviation market through the issue. Photo: Mint

InterGlobe Enterprises (IGE) Pvt. Ltd, which controls the company that operates India’s largest airline, has expressed interest in bidding for bankrupt airline Virgin Australia Holdings Ltd in the first round of a sale process that concluded on Friday, said a person with direct knowledge of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter