IndiGo Parent to Loan USD 43 Million to IFSC Subsidiary
InterGlobe Aviation, parent of IndiGo, will provide a USD 43 million loan to its subsidiary IndiGo IFSC for aircraft acquisition. The loan will help IndiGo IFSC meet its funding requirements for acquiring aircraft.
Photograph: Mansi Thapliyal/Reuters
New Delhi, Dec 19 (PTI) InterGlobe Aviation Ltd, parent of the country's largest airline IndiGo, will provide a loan of USD 43 million to its wholly-owned subsidiary IndiGo IFSC for aircraft acquisition.
InterGlobe Aviation Financial Services IFSC or IndiGo IFSC is registered at the GIFT City. It is a aircraft, aircraft engine and ground support equipment lessor.
The board of InterGlobe Aviation Ltd on Thursday approved the loan of USD 43 million for the subsidiary, according to a regulatory filing.
The inter-corporate loan is for IndiGo IFSC to meet "its funding requirements for acquisition of aircraft", the filing said.
The agreement for the loan will be executed in due course of time.
Shares of InterGlobe Aviation Ltd rose 1 per cent to close at Rs 4,433.95 apiece on the BSE.
InterGlobe Aviation Financial Services IFSC or IndiGo IFSC is registered at the GIFT City. It is a aircraft, aircraft engine and ground support equipment lessor.
The board of InterGlobe Aviation Ltd on Thursday approved the loan of USD 43 million for the subsidiary, according to a regulatory filing.
The inter-corporate loan is for IndiGo IFSC to meet "its funding requirements for acquisition of aircraft", the filing said.
The agreement for the loan will be executed in due course of time.
Shares of InterGlobe Aviation Ltd rose 1 per cent to close at Rs 4,433.95 apiece on the BSE.
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