{"id":601802,"date":"2023-09-05T09:21:07","date_gmt":"2023-09-05T03:51:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=601802"},"modified":"2023-09-05T09:57:37","modified_gmt":"2023-09-05T04:27:37","slug":"interglobe-aviation-to-set-up-subsidiary-for-financing-aviation-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/interglobe-aviation-to-set-up-subsidiary-for-financing-aviation-assets\/","title":{"rendered":"InterGlobe Aviation to set up subsidiary for financing aviation assets"},"content":{"rendered":"<p>InterGlobe Aviation, the parent of the country&#8217;s largest airline IndiGo, will set up a subsidiary with an investment of up to Rs 30 crore for financing aviation assets. <\/p>\n<p>The wholly-owned subsidiary will be set up in GIFT City. <\/p>\n<p>The company&#8217;s board on Monday approved the proposal to incorporate a wholly-owned subsidiary with an investment of &#8220;up to Rs 30 crore in one or more tranches&#8221;. <\/p>\n<p>Besides, it will issue corporate guarantees of up to USD 996 million or an equivalent amount in Indian rupees or any other currency, to secure the payment obligations of the wholly-owned subsidiary, according to a regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, the parent of the country&#8217;s largest airline IndiGo, will set up a subsidiary with an investment of up to Rs 30 crore for financing aviation assets. The wholly-owned subsidiary will be set up in GIFT City. The company&#8217;s board on Monday approved the proposal to incorporate a wholly-owned subsidiary with an investment of &#8220;up to Rs 30 crore in one or more tranches&#8221;. Besides, it will issue corporate guarantees of up to USD 996 million or an equivalent amount in Indian rupees or any other currency, to secure the payment obligations of the wholly-owned subsidiary, according to a [&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":[135,167,130],"tags":[],"class_list":["post-601802","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601802","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=601802"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601802\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=601802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=601802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=601802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}