New Delhi: IndiGo’s plan to raise up to ₹4,000 crore through a qualified institutional placement (QIP) depends on the sales revenue pick-up in the coming days, its CEO Ronojoy Dutta said on Friday.
“At this point in time, I would like to say that there is a 50:50 chance of the QIP happening,” Dutta said at the online annual general meeting of InterGlobe Aviation, IndiGo’s parent company.
On August 10, InterGlobe Aviation told the BSE that it will raise up to ₹4,000 crore through a QIP.
Dutta on Friday said the company’s board of directors has passed the enabling resolution to raise funds through QIP but whether “we ultimately go for it or not depends on how the sales revenue side develops”.
