IndiGo to consider fundraising via QIP on Friday

IndiGo NSE 1.97 % on Tuesday announced its board will meet on May 7, to consider raising funds via a qualified institutional placement of shares.

The airline’s decision comes as the aviation industry continues to be a hit by a catastrophic second wave of Covid-19 infections. The wave has made the country clock record-breaking numbers and killed thousands as the healthcare infrastructure in the country has crumbled.