Indigo Parent Interglobe Aviation’s Share Sale To Fetch Up To Rs. 3,945 Crore

IndiGo’s parent InterGlobe Aviation plans to raise up to Rs. 3,945 crore through sale of shares to qualified institutional investors on September 15.

Apart from fresh issuance of shares, some promoter entities would be selling shares to qualified institutional buyers.

The company would offload up to 3.36 crore shares to eligible qualified institutional buyers on September 15 and the price band for the share sale has been fixed at Rs. 1,125-1,175 apiece, according to notices on the stock exchanges. Read More…

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