IndiGo’s plan to raise Rs 4,000 cr through QIP depends on sales revenue pick-up: CEO
IndiGo’s plan to raise up to Rs 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.
