InterGlobe Aviation stock tanks 9% amid reports of rift between promoters

New Delhi: Shares of InterGlobe Aviation dropped nearly 9% on Thursday amid reports of rift between promoters of IndiGo.

The scrip tumbled 8.82% to close at ₹1,466.60 on the BSE. During the day, it tanked 9.82% to ₹1,450.50.

At the NSE, shares plummeted 8.40% to close at ₹1,475.

Following the plunge in the scrip, the company’s market valuation dropped by ₹5,455.89 crore to ₹56,377.11 crore on the BSE.