The Board of Directors of InterGlobe Aviation Ltd (the 'Board') has passed a resolution today clarifying that the limits under Section 186 of the Companies Act, 2013 as set forth in the Notice of Postal Ballot dated October 9, 2017, if approved by the shareholders of the Company through the postal ballot shall be utilised only for investments in (i) debt mutual funds, (ii) other debt based instruments with a minimum short term rating of CRISIL A2 or long term rating of CRISIL AA or equivalent by a SEBI approved agency, (iii) government securities, and/or (iv) body corporates engaged or set up to engage in airline operations or services ancillary to the airlines business up to an amount not exceeding Rs. 100 crores.
Shares of InterGlobe Aviation Ltd was last trading in BSE at Rs.1146.85 as compared to the previous close of Rs. 1147.65. The total number of shares traded during the day was 9591 in over 358 trades.
The stock hit an intraday high of Rs. 1171.2 and intraday low of 1130.2. The net turnover during the day was Rs. 11110701.