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InterGlobe Aviation's share sale raises Rs 3,290 cr

The company sold about 22.4 million new shares

Reuters  |  Mumbai 

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A share sale by India's InterGlobe Aviation, which runs the country's airline, raised Rs 3,790 crore for the company and some of its shareholders, based on the final issue price announced on Monday.

InterGlobe set the price at Rs 1,130 per share for the sale to institutional investors conducted on Friday, according to a regulatory filing.

The company sold about 22.4 million new shares, while its offered about 11.2 million existing in a sale aimed at moving the company closer to the regulatory requirement for to have a minimum 25 per cent free float.

First Published: Mon, September 18 2017. 21:42 IST