In a regulatory filing, the company said that its board at its meeting held on May 7, deliberated the possibility of raising funds for the company through a qualified institutions placement (QIP).
"The Board decided that the Company should continue to explore all options to increase its liquidity, including by way of a QIP," it said.
In January, the airline had shelved plans to raise funds up to Rs 4,000 crore through a QIP and instead, opted to raise money through sale and lease back (SLB) transactions and other alternative options.
Mumbai, May 7
The board of private airline IndiGo on Friday decided to continue exploring all options to increase its liquidity.
Disclaimer: This story was supplied by an external content provider; we do not endorse or accept responsibility for its accuracy, completeness, or any outcomes from relying on it. It is for informational purposes only and does not constitute legal, financial, medical, or other professional advice. Laws and regulations vary and may change; readers should verify accuracy and compliance with local requirements and consult a qualified professional for tailored guidance.
