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Analysts downgrade IndiGo as second Covid-19 wave weakens outlook

The QIP should shore up its cash reserves currently at over Rs 7,000 crore

Topics
IndiGo | Coronavirus | Aviation industry

Ram Prasad Sahu  |  Mumbai 



indigo, airlines, aviation, flights, air craft

The InterGlobe Aviation (IndiGo) stock ended flat in trade after the company announced plans to raise Rs 3,000 crore by issuing equity shares through the qualified institutional placement (QIP) route. The company is looking to improve its cash position after the second wave of infection has dented demand and led to dip in volumes.

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First Published: Tue, May 11 2021. 20:01 IST

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