Indian Airline Indigo shares fall over 3% on Founders dispute
NEW DELHI: Shares of InterGlobe Aviation extend losing streak for the second consecutive session and fell over 3 per cent amid a tussle between the co-promoters Rakesh Gangwal and Rahul Bhatia.
InterGlobe Aviation is the parent of India's leading airline service IndiGo.
On the BSE, the scrip declined 3.07 per cent to close the counter at ₹1,354.85. During the day, the shares slumped 8.93 per cent to touch the low of ₹1,272.90.
On the NSE, the shares opened lower and tumbled 8.93 per cent to a low of ₹1,273.20. The shares finally settled at ₹1,352 falling 3.29 per cent.
In terms of equity volume, 7.12 lakh shares were traded on the BSE, while over 1.21 crore units exchanged hands on the NSE during the day.
Shares of the company on the...