At 10:20 am, InterGlobe Aviation shares had been buying and selling greater by 0.51 per cent on BSE
InterGlobe Aviation shares gained practically 1 per cent in a weak market because the airline has introduced plans to boost Rs 3,000 crore. At 10:20 am, the shares of InterGlobe Aviation, the mum or dad of Indigo Airlines, had been buying and selling at Rs 1,686.55, greater by 0.51 per cent, on the BSE.
“The Board of Directors of InterGlobe Aviation, at its meeting held today, i.e. May 10, 2021, approved raising of funds for an aggregate amount not exceeding up to Rs 3,000 crore”, InterGlobe Aviation stated in a regulatory submitting to the inventory exchanges.
The funds can be raised by means of sale of shares to institutional buyers.
The fund elevating plan comes at a troublesome time for the airline business because the coronavirus pandemic has resulted in a decline in passenger demand.
The BSE Sensex is buying and selling at 49,082.35, decrease by 412.90 factors or 0.83 per cent and Nifty is at 14,833.25, down 109.30 factors or 0.73 per cent on the time.
