Mumbai, 21 November (Udaipur Kiran). Shares of InterGlobe Aviation, the operator of IndiGo airlines, edged higher on Thursday after the company received approval for a major investment in its GIFT City subsidiary. The stock was trading at ₹5,853.50, up ₹66.65 or 1.15% from its previous close of ₹5,786.85 on the BSE.
The scrip opened at ₹5,775.20 and has so far traded between ₹5,855.60 and ₹5,757.00, with around 9,810 shares changing hands. The company’s current market capitalisation stands at ₹2,26,000.57 crore.
IndiGo has been granted the go-ahead to invest $820 million (approximately ₹7,294 crore) in its wholly owned unit, InterGlobe Aviation Financial Services IFSC (IndiGo IFSC). The investment will be carried out through a mix of equity shares and 0.01% Non-Cumulative Optionally Convertible Redeemable Preference Shares in one or more tranches.
The capital raised will be utilised primarily for acquiring aviation assets, paving the way for IndiGo to take ownership of more aircraft. The board approved the proposal in its meeting held on November 21, 2025.
InterGlobe Aviation operates India’s largest passenger airline and also provides international air transport services.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
IndiGo Rises After Approval for $820 Million Investment in IFSC Subsidiary
