InterGlobe Aviation Limited board approves raising up to Rs 30 billion through QIP process

The board of directors of InterGlobe Aviation Limited, which operates the country’s largest domestic airline, IndiGo, has approved raising up to Rs 30 billion through the qualified institutional placement (QIP) process. In January 2021, IndiGo had shelved plans to raise funds up to Rs 40 billion through a QIP, and had opted to raise money through sale and leaseback (SLB) transactions and other alternative options. The airline has since then carried out SLB of a few of its aircraft.