IndiGo to invest $45m in subsidiary

InterGlobe Aviation (INDIGO) announced plans to invest up to INR 3,940 million (approximately USD 45 million) in its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited. The investment, approved by the Board of Directors on March 12, 2025, will be made in one or more tranches. InterGlobe Aviation Financial Services IFSC Private Limited, incorporated on October 12, 2023, is engaged in aircraft and aircraft engine leasing and providing financial services. The funds will be utilized for financing aviation assets, repaying outstanding loans, and for general corporate purposes. The company expects to complete the acquisition within three months. The transaction qualifies as a related party transaction, as IndiGo IFSC is a wholly-owned subsidiary. The proposed investment is based on a fair valuation arrived through an independent Category-1 Merchant Banker.