In­terGlobe Avi­a­tion fixes QIP price band be­tween\`1,125 and `1,175

Financial Chronicle - - COMPANIES - NEHA DUBEY

IN­TERGLOBE Avi­a­tion, the op­er­a­tor of Indigo air­lines, on Thurs­day an­nounced the price band for its sched­uled qual­i­fied in­sti­tu­tional place­ment (QIP) that will help the com­pany to ful­fil the min­i­mum pub­lic hold­ing re­quire­ment and com­plete its cap­i­tal-in­ten­sive in­vest­ment plans.

The QIP will be con­ducted to­day, within a price band of Rs 1,125-Rs 1,175. The air­liner will raise as much as Rs 3,945 cror e via the share sale.

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