IndiGo has approved a Rs 7,294 crore capital infusion into its IFSC subsidiary to fund the purchase and ownership of aviation assets, marking a major shift in its fleet strategy

Low-cost airline IndiGo on Friday said its board has approved a capital investment of $820 million (about Rs 7,294 crore) to acquire aviation assets, thereby enabling ownership of aircraft.

The investment was approved in IndiGo’s wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (IndiGo IFSC). Read More

“The Investment will be made through combination of equity shares and 0.01 per cent Non-Cumulative Optionally Convertible Redeemable Preference Shares (OCRPS), in one or more tranches.

The funds raised by IndiGo IFSC shall be primarily deployed towards acquisition of aviat

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