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InterGlobe Aviation grows by more than 1% thanks to fundraising plans

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InterGlobe Aviation shares gained more than 1% on BSE as part of fundraising projects through a Qualified Institutional Placement (QIP) issue. At 2:40 p.m., shares of InterGlobe Aviation were trading at Rs 1,649, up 1.66 percent, on BSE.

A meeting of the company’s board of directors is scheduled for May 7, 2021 to review and approve the fundraising by issuing equity shares through the placement of qualified institutions, InterGlobe Aviation said in a regulatory filing on stock exchanges after market hours Tuesday. May 4, 2021.

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InterGlobe Aviation is one of the fastest growing low cost carriers in the world.

The BSE Sensex was trading at 48,589.15, 335.35 points stronger ot 0.70% and the NSE Nifty was at 14,593.50, up 97.35 points or 0.67% at the time. .

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