The latest update is out from InterGlobe Aviation Ltd ( (IN:INDIGO) ).
InterGlobe Aviation Limited’s Board of Directors has approved an investment of up to INR 3,940 million in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited. This investment aims to finance aviation assets, repay outstanding loans, and support general corporate purposes, reflecting the company’s strategic focus on strengthening its financial services arm.
More about InterGlobe Aviation Ltd
InterGlobe Aviation Limited operates in the aviation industry, primarily known for its airline services under the brand name IndiGo. The company focuses on providing low-cost airline services and has a significant market presence in India.
YTD Price Performance: 1.49%
Average Trading Volume: 17,380
Current Market Cap: 1800.7B INR
See more insights into INDIGO stock on TipRanks’ Stock Analysis page.