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21-Nov-2025 12:53
Indigo gains after board OKs $820 million funding for IndiGo IFSC
The Investment will be made through combination of equity shares and 0.01% non-cumulative optionally convertible redeemable preference shares (OCRPS), in one or more tranches.
Of the total amount, $770 million(approximately Rs 6,849.2 crore) will be infused through equity shares of face value Rs 10 each, valued at Rs 10.92 per share as determined by Independent Category-1 Merchant Banker.
Further, the company will subscribe to 0.01% OCRPS amounting to $50 million (around Rs 444.8 crore) at a face value of Rs 100 per share.
The funds raised by IndiGo IFSC shall be primarily deployed towards acquisifion of aviafion assets, thereby enabling ownership of aircraft.
The company's consolidated net loss widened to Rs 2,582.1 crore in Q2 FY26, compared with net loss of Rs 986.7 crore in Q2 FY25, including the impact of currency movement pertaining to dollar based future obligations. Revenue from operations increased 9.34% YoY to Rs 18,555.3 crore in Q2 Sept 2025, driven by strong operational execution and efficient capacity deployment.
InterGlobe Aviation (IndiGo) is amongst the fastest growing low-cost carriers in the world. It had a fleet of 417 aircraft and provided scheduled services to 94 domestic and 41 international destinations as of 30th September 2025.
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