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IndiGo Commits $820 Million to Transform Fleet Ownership Via GIFT City Finance Hub

IndiGo Commits $820 Million to Transform Fleet Ownership Via GIFT City Finance Hub

India’s largest airline said on Friday it will channel the $820 million investment through equity shares and 0.01 per cent non‑cumulative optionally convertible redeemable preference shares (OCRPS), to be structured across multiple tranches. In a significant move to reshape its fleet financing strategy, IndiGo, India’s largest airline by passenger volume and fleet, has approved a...