New Delhi, Dec 19 (PTI) InterGlobe Aviation Ltd, parent of the country's largest airline IndiGo, will provide a loan of USD 43 million to its wholly-owned subsidiary IndiGo IFSC for aircraft acquisition.

InterGlobe Aviation Financial Services IFSC or IndiGo IFSC is registered at the GIFT City. It is a aircraft, aircraft engine and ground support equipment lessor.

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The board of InterGlobe Aviation Ltd on Thursday approved the loan of USD 43 million for the subsidiary, according to a regulatory filing.

The inter-corporate loan is for IndiGo IFSC to meet "its funding requirements for acquisition of aircraft", the filing said.

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The agreement for the loan will be executed in due course of time.

Shares of InterGlobe Aviation Ltd rose 1 per cent to close at Rs 4,433.95 apiece on the BSE.

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