Shares of InterGlobe Aviation-owned IndiGo airlines fell 3.4 per cent to Rs 2,377.9 apiece on the BSE in Monday’s intra-day trade amid reports that promoters Rakesh Gangwal and Shobha Gangwal may further trim their stake in the low cost airline.
At close, the shares of the airline quoted 2.06 per cent down on the BSE as against 0.16 per cent gain in the benchmark S&P BSE Sensex.
According to multiple reports, Rakesh and his wife Shobha Gangwal may sell 5-8 per cent stake in the airline next month for up to Rs 7,000 crore. Business Standard couldn’t independently verify the report.
