IndiGo Block Deal: IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%

IndiGo Block Deal: IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%

In the first such post-IPO stake sale by the Bhatia family, IndiGo promoters today likely sold a 2% stake in the airline for around Rs 3,700 crore in a block deal following which the stock fell around 3%. In the block window, a large deal involving 83.7 lakh shares of InterGlobe Aviation was noticed in … Read more