IndiGo to consider fundraising via QIP on Friday

By Et Bureau8 days ago

IndiGo

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

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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.

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