Interglobe Aviation Ltd , which runs India’s largest airline IndiGo, said on Monday it will raise up to 40 billion rupees ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash during the COVID19 pandemic which has hit its operations.
- Reuters
- Last Updated: August 10, 2020, 5:26 PM IST
BENGALURU Interglobe Aviation Ltd , which runs India’s largest airline IndiGo, said on Monday it will raise up to 40 billion rupees ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash during the COVID-19 pandemic which has hit its operations.
The virus outbreak caused Interglobe to report its biggest ever loss last month. The company had also announced separate plans to raise at least $268 million through the sale and leaseback of planes and other assets.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f3183dddb1d45129a351db2
[youtube_id] => uUmlT70z3Tc
IndiGo to raise up to $534 million via share sale => Rajasthan Political Crisis: Sachin Pilot Says I Raised Issues In The Interest Of The Party
)
[1] => Array
(
[id] => 5f317c9dcc17de12942fbe18
[youtube_id] => qs3eTgkcF24
IndiGo to raise up to $534 million via share sale => Can Rahul Gandhi Establish A Truce Between Ashok Gehlot And Sachin Pilot?
)
)
[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-07T17:26:02.000Z&publish_max=2020-08-10T17:26:02.000Z&sort_by=date-relevance&order_by=0&limit=2
)
