IndiGo falls 5% in 2 days even as Co clarifies on Gangwal stake sale buzz
Shares of InterGlobe Aviation, parent firm of IndiGo, continued to reel under pressure on Tuesday even as the company clarified on stake sale rumors by Gangwal family.
In an exchange filing, IndiGo said that the Company has not received any such information nor has the Company been made aware by the co-Founder of their intention to sell their stake.
At 2:30 PM, shares of the low-cost airline were down 3 per cent at Rs 2,342 apiece as against 0.5 per cent rise in the benchmark S&P BSE Sensex. In two days, the stock has fallen 5.3 per cent on the BSE.
