The QIP includes a fresh issue of 2.24 crore shares, and an offer for sale of 1.12 crore shares by certain promoter entities, as reported by the company in a stock exchange filing after its annual general meeting. The price band for the issue is fixed at Rs 1,125 to Rs 1,175 per share.
Promoters namely, Rakesh Gangwal, Shoba Gangwal, Asha Mukherjee and The Chinkerpoo Family Trust, who collectively held around 42% stake as of June, will sell shares through the QIP.
Other promoters including InterGlobe Enterprises, Acquire Services Private Ltd., Kapil Bhatia, Rahul Bhatia and Rohini Bhatia will sell shares after 60 days from the completion of the QIP, but not later than November 2018, the stock exchange filing added.
The shares of Indigo ended lower by Rs 6.85 per share or 0.57% at Rs 1,196.7 per share on BSE. Meanwhile, Nifty ended at 10,079 level, down by 13 points, while Sensex closed at 32,186 level, up by 27 points in Wednesday’s trading session.
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