InterGlobe Aviation, the company that operates the country’s largest airline Indigo said the company would raise Rs 2,530 cr by issuing fresh shares.
At the same time, existing shareholders of the company would raise Rs 1,265 cr by selling some of their shares as well, the company said.
The total size of the offering would be around 3,780 cr. The shares would be sold to institutional investors.
A total of 33.58 mln shares would be sold at a price of Rs 1,130 each. Two thirds of the shares are fresh issue, while one third will come from existing shareholders. Read More…