{"id":372099,"date":"2020-09-05T10:57:35","date_gmt":"2020-09-05T05:27:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372099"},"modified":"2020-09-05T11:27:48","modified_gmt":"2020-09-05T05:57:48","slug":"indigos-plan-to-raise-rs-4000-cr-through-qip-depends-on-sales-revenue-pick-up-ceo-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-plan-to-raise-rs-4000-cr-through-qip-depends-on-sales-revenue-pick-up-ceo-2\/","title":{"rendered":"IndiGo&#8217;s plan to raise Rs 4,000 cr through QIP depends on sales revenue pick-up: CEO"},"content":{"rendered":"<p>IndiGo&#8217;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.<\/p>\n<p>&#8220;At this point in time, I would like to say that there is a 50:50 chance of the QIP happening,&#8221; Dutta said at the online annual general meeting of InterGlobe Aviation, IndiGo&#8217;s parent company.<\/p>\n<p>On August 10, InterGlobe Aviation told the BSE that it will raise up to Rs 4,000 crore through a QIP.<\/p>\n<p>Dutta on Friday said the company&#8217;s board of directors has passed the enabling resolution to raise funds through QIP but whether &#8220;we ultimately go for it or not depends on how the sales revenue side develops&#8221;.<\/p>\n<p>The aviation sector has been hit hard due to travel restrictions amid the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGo&#8217;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. &#8220;At this point in time, I would like to say that there is a 50:50 chance of the QIP happening,&#8221; Dutta said at the online annual general meeting of InterGlobe Aviation, IndiGo&#8217;s parent company. On August 10, InterGlobe Aviation told the BSE that it will raise up to Rs 4,000 crore through a QIP. Dutta on Friday said the company&#8217;s board of directors has passed the enabling resolution [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,130,144],"tags":[],"class_list":["post-372099","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372099","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372099"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372099\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}