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InterGlobe Aviation to mull fund raising via QIP on May 7

Capital Market 

InterGlobe Aviation said that a meeting of the board of directors of the company is scheduled on 7 May 2021, to consider and approve raising of funds by issue of equity shares through qualified institutions placement (QIP).

The announcement was made after market hours yesterday, 4 May 2021.

The scrip added 0.10% to currently trade at Rs 1623.60 on the BSE. On a year-to-date (YTD) basis, the stock has declined by 5.87% while the benchmark Sensex has added 1.57% during the same period.

InterGlobe Aviation (IndiGo) is amongst the fastest growing low cost carriers in the world. It had a fleet of 287 aircraft as of 31 December 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, May 05 2021. 09:19 IST