InterGlobe Aviation to Invest USD 820 Million in Wholly Owned Subsidiary

InterGlobe Aviation Limited, the parent company of IndiGo, India's preferred airline, has approved a capital investment of USD 820 million (~INR 72,940 million) in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (IndiGo IFSC). The investment will be made through a combination of equity shares and 0.01% Non-Cumulative Optionally Convertible Redeemable Preference Shares (OCRPS), in one or more tranches. The funds raised by IndiGo IFSC will be primarily deployed towards acquisition of aviation assets, thereby enabling ownership of aircraft. This move reflects IndiGo’s commitment to prudent capital allocation and sustainable value creation for all stakeholders.