India: PE firm Westbridge Capital acquires IndiGo shares worth $74.5m

India: PE firm Westbridge Capital acquires IndiGo shares worth $74.5m

An IndiGo Airlines A320 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad March 7, 2012. REUTERS/Vivek Prakash

Private equity firm Westbridge Capital on Wednesday bought a 1.41% stake in InterGlobe Aviation Ltd, which runs India’s biggest airline IndiGo, for 559 crore through an open market transaction.