IndiGo Reverses Course, Plans To Raise New Capital

Indigo Airbus A320s
Credit: Rob Finlayson
IndiGo is planning to raise INR30 billion ($408 million) through a share sale—less than three and a half months after the Indian LCC giant said it had decided against raising cash. The share sale—approved by IndiGo’s board at a May 10 meeting—comes as India grapples with a worsening COVID-19...

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