IndiGo to consider fundraising via QIP on Friday

IndiGo on Tuesday announced its board will meet on May 7, to consider raising funds via a qualified institutional placement of shares.

The airline's decision comes as the aviation industry continues to be a hit by a catastrophic second wave of Covid-19 infections. The wave has made the country clock record-breaking numbers and killed thousands as the healthcare infrastructure in the country has crumbled.

Travel has been hit and will continue to slump.


The airline had last August announced the planned raising of Rs 4,000 crore via a QIP. No amount was mentioned this time.