InterGlobe Aviation Ltd Grants Loan to Subsidiary for Aircraft Acquisition

InterGlobe Aviation Limited, the parent company of IndiGo, has approved a loan of up to USD 43 million to its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited. The loan is intended to meet the funding requirements for the acquisition of aircraft. The loan agreement includes a benchmark rate of SOFR plus 275 bps, with interest payment on a monthly basis and principal repayment at the end of 10 years. The transaction is at arm's length and in line with Section 186 of the Companies Act, 2013.