Budget carrier IndiGo airline’s largest shareholder company — InterGlobe Enterprises — has signed an agreement to participate in the sale of Virgin Australia, the company announced. The confirmation from InterGlobe Enterprises comes merely three weeks after the second-largest Australian carrier announced its collapse amid the coronavirus pandemic. “As regards Virgin Australia, InterGlobe Enterprises has signed an agreement to participate in the sale process and is bound by the confidentiality requirements of that agreement. We are unable to say anything further at this stage,” InterGlobe said in a statement on Friday. However, the Indian conglomerate had earlier denied a report which said that it had expressed an interest in Virgin Australia.
Billionaire Rahul Bhatia-owned InterGlobe has 37.87% stake in India’s largest airline by passengers carried IndiGo. On the other hand, Rakesh Gangwal, his family members and his family trust own 36.64% in the domestic carrier.
