/ InterGlobe Aviation Plans To Dilute Stakes In IndiGo ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 19 July 2017

InterGlobe Aviation Private Limited, the operator of IndiGo, is going to dilute its promoter stake for complying with the regulatory requirements, reported leading news agency.

The company in its board meeting scheduled on July 31, 2017 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.

IndiGo holds around 40% market share in the domestic market.

The stock of InterGlobe Aviation is currently trading at PE of 27.86 and has a book value of Rs 96.61. The company has a good return on equity (ROE) track record with a three years ROE at 180.22%. The company has been maintaining a healthy dividend payout of 79.63%.

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