PE firm Westbridge Capital buys IndiGo shares worth ₹559 cr
Mumbai: Private equity firm Westbridge Capital on Wednesday bought a 1.41% stake in InterGlobe Aviation Ltd, which runs India’s biggest airline IndiGo, for ₹559 crore through an open market transaction.
As per the block deal data on the BSE, Jwalamukhi Investment Holdings, an arm of Westbridge Capital, bought 5.43 million shares from Kotak Mahindra (International) Ltd at an average price of ₹1,028 apiece.
InterGlobe Aviation reported a net loss of ₹2,844.3 crore for the quarter ended June 2020 against a net profit of ₹1,203.10 crore for the same period last year. Revenue from operations fell 91.9% to ₹766.7 crore for the June quarter over ₹9420.06 crore for the corresponding quarter last year.
