IndiGo's board approves Venture Capital division

05 Sep 2023 CW Team

InterGlobe Aviation, the parent company of India's leading airline, IndiGo, has received board approval to establish a Venture Capital division. In an official announcement to the stock exchanges, the company revealed that its Board of Directors has given the green light to incorporate a Private Limited Company, initially funded with Rs 300 million.

The primary focus of this new division will be investing in early-stage companies operating in aviation and related consumer sectors, including travel, lifestyle, hospitality, and transportation, as stated by an airline representative.

The board has endorsed the establishment of this investment within the Special Economic Zone at Gujarat International Finance Tec-City, as detailed in the exchange filing.

Furthermore, the board has sanctioned the issuance of corporate guarantees, amounting to a maximum of Rs 82.5 billion, to secure the financial obligations of the wholly-owned subsidiary.

Gaurav Negi, the airline's Chief Financial Officer, had previously mentioned the creation of this venture during a post-earnings conference call on August 2.

In another filing, the company announced its approval to place an order for 10 additional A320 NEO aircraft with Airbus, marking an amendment to the original 2019 purchase agreement. These 10 aircraft will augment the existing 300 aircraft order.

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..