India: IndiGo may shelve fundraising plan if travel picks up

India: IndiGo may shelve fundraising plan if travel picks up

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

IndiGo, India’s largest domestic airline, may shelve a planned share sale to raise 4,000 crore as it is hopeful that an increase in ticket sales in the coming months will negate the need to bolster its cash reserves.