International Development News
Development News Edition

InterGlobe Aviation shares tank 7.5%; m-cap falls Rs 3,536 cr

InterGlobe Aviation operates IndiGo.


InterGlobe Aviation shares tank 7.5%; m-cap falls Rs 3,536 cr
At NSE, shares of the company dived 7.50 per cent to close at Rs 1,136.45. (Image Credit: Twitter)

Shares of InterGlobe Aviation slumped 7.5 per cent today, eroding Rs 3,536 crore from the company's market valuation, amid reports that Enforcement Directorate (ED) has summoned top management of the company.

However, the company stated that they have not received any such summons.

InterGlobe Aviation operates IndiGo.

According to media reports, ED has summoned top management of IndiGo for Foreign Exchange Management Act (FEMA) violation.

Shares of the company tanked 7.49 per cent to settle at Rs 1,136.15 on BSE. During the day, it plunged 8.39 per cent to Rs 1,125.

At NSE, shares of the company dived 7.50 per cent to close at Rs 1,136.45.

Led by the sharp fall in the stock, the company's market valuation plunged by Rs 3,535.62 crore to Rs 43,674.38 crore.

In terms of equity volume, 1.27 lakh shares of the company were traded on BSE and over 27 lakh shares changed hands at NSE during the day. PTI SUM ANU

ANU

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

With Ayodhya verdict, CJI starts clearing high profile pending cases

Ending all the speculations, the Chief Justice of India Mr. Ranjan Gogoi who is due to retire on November 17 decided to deliver the verdict in Ayodya dispute at 10.30 am on Saturday which is not a working day for the Supreme Court. This is ...

How partnerships and collaborations could enhance teacher training

Monica Malhotra Kandhari, Managing Director, MBD Group shares her views on public private partnership and collaborations in education sector. She supports her propositions with her organisations success stories....

Fixed Test centers would facelift level of WTC in India

The venues for the test matches in India should be fixed so that World Test Championship matches remain fair....

Videos

Latest News

RPT-Pope Francis to reunite with cousin on visit to Thailand

In a remote Catholic school in Thailand, Sister Ana Rosa Sivori, 77, kneels in a chapel to pray at the beginning of the school day. The Catholic nun is also counting down the days when she will be reunited with her cousin, Pope Francis.Or, ...

Vucevic double-double lifts Magic over Wizards

Nikola Vucevic collected 30 points and 17 rebounds to record his 10th double-double of the season as the host Orlando Magic posted a 125-121 victory over the Washington Wizards on Sunday. Vucevic shot 11 of 14 and Evan Fournier highlighted ...

PRESS DIGEST-Financial Times - Nov 18

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. HeadlinesBoris Johnson to woo business with tax breaks worth 1 bln stg httpson.ft.com2rTmCtL Labour to p...

Protesters set fire to hold off police at Hong Kong campus

Pro-democracy demonstrators holed up in a Hong Kong university campus set the main entrance ablaze Monday to prevent surrounding police moving in, after officers warned they may use live rounds if confronted by deadly weapons. The police wa...

Give Feedback