PE firm Westbridge Capital buys IndiGo shares worth ₹559 cr

Date posted: Friday 14 August 2020

Private equity firm Westbridge Capital bought a 1.41% stake in InterGlobe Aviation Ltd, which runs India’s biggest airline IndiGo, for ₹559 crore through an open market transaction. Jwalamukhi Investment Holdings, an arm of Westbridge Capital, bought 5.43 million shares from Kotak Mahindra (International) Ltd at an average price of ₹1,028 apiece.

(Live Mint)