IndiGo sees improvement in financials, says chances of raising funds through QIP is 50:50
IndiGo NSE -1.96 % today said that the financial situation of the airlines is improving as India reopens and they may not utilise the option of raising money through sale of equity shares, as announced earlier.
“The plan to raise money through QIP has a 50-50 chance and the preferred path is to increase sales revenue,” IndiGo president Ronojoy Dutta said at the Annual General Meeting (AGM) today.
