InterGlobe Aviation Ltd to invest in InterGlobe Aviation Financial Services IFSC Pvt Ltd

The Board of Directors of InterGlobe Aviation Limited in its meeting held on Wednesday, March 12, 2025, considered and approved an investment of upto INR 3,940 million (USD 45 million approximately), in one or more tranches, in the equity shares of InterGlobe Aviation Financial Services IFSC Private Limited, a wholly owned subsidiary of the Company.

The proposed investment is being made at the fair valuation of equity shares of Indigo IFSC arrived, basis the valuation report obtained from an independent Category-1 Merchant Banker and therefore, the same is at arm's length.

This investment will be utilised by IndiGo IFSC towards financing of aviation assets, repayment of its outstanding loan and for other general corporate purposes.

IndiGo IFSC is engaged in aircraft and aircraft engine leasing and providing financial services for such transactions.

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 4700.10 as compared to the previous close of Rs. 4730.05. The total number of shares traded during the day was 10937 in over 2312 trades.

The stock hit an intraday high of Rs. 4749.75 and intraday low of 4672.50. The net turnover during the day was Rs. 51484442.00.

Source : Equity Bulls

Keywords

InterGlobeAviation INE646L01027 INDIGO Airlines Investment InterGlobeAviationFinancialServicesIFSC