InterGlobe Aviation, which operates the country's largest airline, IndiGo, will join the BSE's 30-share index, the Sensex, from December 22nd, BSE Index Services announced on Saturday. Investors will now be watching the stock on Monday. The stock closed 0.92% higher at ₹5,840.25 on Saturday.Tata Motors out of the indexBSE Index Services informed that Tata Motors Passenger Vehicles Limited will be removed from the index. BSE Index Services Private Limited has announced these changes as part of the restructuring of its indices, which will become effective from market opening on December 22 (Monday). IDFC First Bank Limited will be included in the BSE 100 index, replacing Adani Green Energy Limited. Max Healthcare Institute Limited will be added to the BSE Sensex Next 50 and IndusInd Bank Limited will be removed.IndiGo to invest $820 millionIndiGo has approved an investment of $820 million (about Rs 7,270 crore) in its wholly-owned subsidiary InterGlobe Aviation Financial Services IFSC Pvt Ltd for aircraft acquisition. IndiGo said the investment will be made in one or more tranches through a combination of shares and 0.01 per cent non-cumulative optionally convertible redeemable preference shares (OCRPs). IndiGo said the funds raised by the subsidiary will be primarily used to acquire aviation assets, leading to ownership of aircraft. According to the fleet tracking website 'Planeporter.net', IndiGo has 411 aircraft in its fleet as of November 21. Of these, 365 are operational and the remaining 46 are grounded.It should be noted that IndiGo has traditionally operated flights by leasing aircraft. However, on October 12, 2023, the company established IndiGo IFSC, which leases aircraft and engines. Now, IndiGo purchases aircraft from IFS and leases aircraft from it.
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