New Delhi, Nov. 21 -- IndiGo, a major airline, has approved a capital investment of USD 820 million (Rs 72,940 million) in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (IndiGo IFSC).

According to a press release by the airline, the Investment will be made through combination of equity shares and 0.01 per cent Non-Cumulative Optionally Convertible Redeemable Preference Shares (OCRPS), in one or more tranches.

The funds raised by IndiGo IFSC shall be primarily deployed towards the acquisition of aviation assets, thereby enabling ownership of aircraft.

IndiGo has historically maintained a fleet structure predominantly reliant on operating leases. In recent years, the organisation has undertaken ...