IndiGo plans ₹7,270 crore investment in subsidiary to purchase aviation assets
IndiGo Airlines on Friday announced that it has approved an investment of $820 million (approximately ₹7,270 crore) in its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited, for aircraft acquisition.
The airline, in a filing with the exchange, said that the investment will be made through a combination of equity shares and 0.01% non-cumulative, optionally convertible, and redeemable preference shares (OCRPS), which will be distributed in one or more tranches.
