Indigo crisis: Investors anxious as airlines’ stock crashes
SBI Mutual Fund’s management on Wednesday met with Rakesh Gangwal, co-promoter of InterGlobe Aviation, to get a better understanding of the problems in the company which runs Indigo.
The Interglobe stock crashed 17.55% in intra-day trades and closed 10.7% lower at Rs 1,397.95 on Wednesday, after the spat between the co-promoters Gangwal and Rakesh Bhatia reached the regulator.
The volume in the counter was a high 1.3 crore shares compared to the daily average over the last six months, of 18.37 lakh shares, according to Bloomberg data.
