InvestorQ : What does Indigo Airlines plan to do with the Rs.3,000 crore of QIP fund raising?
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What does Indigo Airlines plan to do with the Rs.3,000 crore of QIP fund raising?

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Riya Dwivedi answered.
6 months ago
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Shareholders of Interglobe Aviation, which owns Indigo Airlines, approved raising Rs.3,000 crore via placement to QIBs. Interglobe has been hit badly by the pandemic and had reported net loss of Rs.1,147 crore in the Mar-21 quarter. The negative gap between the RASK and CASK widened in the quarter as sales fell 26%. Despite its 55% market share, Indigo needs capital to manage its daily cash burn of Rs19cr.

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