IndiGo's board approves Venture Capital division
AVIATION & AIRPORTS

IndiGo's board approves Venture Capital division

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.

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.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?