IndiGo parent to privately place up to 33.6 million shares
Tue Sep 12 2017
Rachel Long (508 articles)

IndiGo parent to privately place up to 33.6 million shares

 InterGlobe Aviation Ltd, the owner of IndiGo airlines, said its board had approved issuance of equity shares up to 33.6 million to qualified institutional buyers.

The placement includes issue of fresh equity shares of up to 22.4 million and offer for sale of up to 11.2 million shares by promoters, including Rakesh Gangwal and Chinkerpoo Family Trust, InterGlobe said in a stock exchange filing.

As of June 30, Gangwal and Chinkerpoo Family Trust owned 16.83 percent and 15.59 percent stakes in the company respectively, Thomson Reuters data showed.

Rachel Long

Rachel Long

Rachel Long is our Desk Correspondent covering Stock Markets across the globe. She is based in New York


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