COVID-hit Indian airline IndiGo to weigh raising funds through QIP

Visual from The Mint

The board of directors of InterGlobe Aviation Limited, which operates the country’s largest airline IndiGo, will meet on 7 May to consider raising funds through a qualified institutional placement (QIP), the company said in a stock exchange notification on Tuesday.

IndiGo had earlier in January shelved plans to raise funds up to 4,000 crore ($542 million) through a qualified institutional placement (QIP), opting instead to raise money through sale and lease back (SLB) transactions and other alternative options.

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