IndiGo to dilute promoter stake for complying with regulatory requirements
DSIJ Intelligence / 19 Jul 2017
A leading news agency reported that InterGlobe Aviation Private Limited, operator of IndiGo, is going to dilute its promoter stake for complying with regulatory requirements.
A leading news agency reported that InterGlobe Aviation Private Limited, operator of IndiGo, is going to dilute its promoter stake for complying with regulatory requirements.
In its July 31, 2017 board meeting, the company is going to consider the means of achieving the minimum public shareholding in the company in accordance with the applicable laws including through a follow on public offer and or an institutional placement programme which may comprise of a fresh issue and or an offer for sale and recommend the same for the approval of shareholders of the company, if required.
Around 40% market share in domestic market is held by Indigo. The stock of the company is currently trading at PE of 27.86 and have a book value of Rs 96.61. Company has been maintaining a healthy dividend payout of 79.63%.Company has a good return on equity (ROE) track record: 3 Years ROE 180.22%.
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