InterGlobe Aviation shares fall nearly five per cent

The scrip of InterGlobe Aviation fell nearly 5 per cent Monday amid a slew of negative news surrounding the airline, including allegations of governance lapses.

The scrip declined 4.17 per cent to Rs 1,300 on the Bombay Stock Exchange (BSE).

On the National Stock Exchange (NSE), shares dropped by 4.64 per cent to Rs 1,293.85.

InterGlobe Aviation is the parent of IndiGo.

With promoter spat intensifying at the airline, markets watchdog Sebi and the corporate affairs ministry have started digging deep into allegations of governance lapses and violations that could force the government to override existing arrangements and pacts at InterGlobe Aviation, officials said.