Interglobe Aviation Approves Investment of up to ₹3,940 Million in Subsidiary

Interglobe Aviation Ltd, the parent to India's biggest airline IndiGo, has okayed investment to the tune of up to ₹3,940 million in a subsidiary company. The move has been strategized to add greater capabilities to the subsidiary company while furthering the overall growth direction of the firm. Interglobe Aviation has been constantly reinforcing its financial service and aircraft purchasing capabilities via subsidiary companies like IndiGo IFSC, based at GIFT City. The firm has also made substantial investments in aircraft finance and aviation and allied sector-focused venture capital funds in the past. This recent investment reflects Interglobe Aviation's focus on building its subsidiaries and retaining leadership in the Indian aviation industry.

Source: Aviation News Network