IndiGo Promoter Sells 2% Stake for Rs 3,367 Crore
By Rediff Money Desk, New Delhi Jun 11, 2024 19:32
InterGlobe Enterprises sold a 2% stake in IndiGo for Rs 3,367 crore through an open market transaction. The shareholding of Interglobe Enterprises in the company reduced to 35.76% from 37.75%.
![IndiGo Promoter Sells 2% Stake for Rs 3,367 Crore](https://im.rediff.com/money/2023/jun/27bse4.jpg)
New Delhi, Jun 11 (PTI) Interglobe Aviation's promoter entity InterGlobe Enterprises on Tuesday pared a 2 per cent stake in the airline for Rs 3,367 crore through an open market transaction.
According to the bulk deal data available with the BSE, Interglobe Enterprises Pvt Ltd sold 77,19,573 equity shares, amounting to a 1.99 per cent stake in Interglobe Aviation, which operates the IndiGo brand airline.
The shares were offloaded at an average price of Rs 4,362.04 per piece, taking the transaction value to Rs 3,367.31 crore.
After the stake sale, the shareholding of Interglobe Enterprises in the company reduced to 35.76 per cent from 37.75 per cent.
Meanwhile, Citigroup Global Markets Mauritius acquired 31.23 lakh shares, representing a 0.81 per cent stake in InterGlobe Aviation.
The shares were bought at an average price of Rs 4,361 apiece, taking the transaction value to Rs 1,362.16 crore.
Details of the other buyers could not be ascertained.
Shares of InterGlobe Aviation slumped 4.26 per cent to settle at Rs 4,368.20 apiece on the BSE.
InterGlobe Enterprises has businesses across segments such as aviation (IndiGo), hospitality, logistics, airline management, travel commerce, advanced pilot training, and aircraft maintenance engineering.
According to the bulk deal data available with the BSE, Interglobe Enterprises Pvt Ltd sold 77,19,573 equity shares, amounting to a 1.99 per cent stake in Interglobe Aviation, which operates the IndiGo brand airline.
The shares were offloaded at an average price of Rs 4,362.04 per piece, taking the transaction value to Rs 3,367.31 crore.
After the stake sale, the shareholding of Interglobe Enterprises in the company reduced to 35.76 per cent from 37.75 per cent.
Meanwhile, Citigroup Global Markets Mauritius acquired 31.23 lakh shares, representing a 0.81 per cent stake in InterGlobe Aviation.
The shares were bought at an average price of Rs 4,361 apiece, taking the transaction value to Rs 1,362.16 crore.
Details of the other buyers could not be ascertained.
Shares of InterGlobe Aviation slumped 4.26 per cent to settle at Rs 4,368.20 apiece on the BSE.
InterGlobe Enterprises has businesses across segments such as aviation (IndiGo), hospitality, logistics, airline management, travel commerce, advanced pilot training, and aircraft maintenance engineering.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...