{"id":367360,"date":"2020-08-11T11:08:59","date_gmt":"2020-08-11T05:38:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367360"},"modified":"2020-08-11T11:08:59","modified_gmt":"2020-08-11T05:38:59","slug":"indigo-to-raise-up-to-%e2%82%b94000-crore-via-share-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-to-raise-up-to-%e2%82%b94000-crore-via-share-sale\/","title":{"rendered":"IndiGo to raise up to \u20b94,000 crore via share sale"},"content":{"rendered":"<p>NEW DELHI : India&#8217;s largest airline IndiGo parent Interglobe Aviation Ltd on Monday said it will raise up to \u20b94,000 crore ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash during the COVID-19 pandemic which has hit its operations.<\/p>\n<p>The virus outbreak caused Interglobe to report its biggest ever loss last month. The company had also announced separate plans to raise at least $268 million through the sale and leaseback of planes and other assets.<\/p>\n<p>India&#8217;s largest airline reported a net loss of \u20b92,844.3 crore for the three months ended June as disruptions due to the coronavirus pandemic significantly impacted the airline. The aviation firm had a net profit of \u20b91,203.1 crore in the year-ago period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India&#8217;s largest airline IndiGo parent Interglobe Aviation Ltd on Monday said it will raise up to \u20b94,000 crore ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash during the COVID-19 pandemic which has hit its operations. The virus outbreak caused Interglobe to report its biggest ever loss last month. The company had also announced separate plans to raise at least $268 million through the sale and leaseback of planes and other assets. India&#8217;s largest airline reported a net loss of \u20b92,844.3 crore for the three months ended June as disruptions [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-367360","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367360"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367360\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}