SME Times News Bureau | 07 May, 2021
The board of private airline IndiGo on Friday decided to continue exploring all options to increase its liquidity.
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.
