Left Menu
Development News Edition

InterGlobe Aviation stocks slipped 8 pct amid rift between IndiGo promoters

Devdiscourse News Desk | New Delhi | Updated: 16-05-2019 21:29 IST | Created: 16-05-2019 12:06 IST
InterGlobe Aviation stocks slipped 8 pct amid rift between IndiGo promoters
Promoters hold about 75 per cent stake in InterGlobe Aviation as per March quarter shareholding pattern on the BSE. Image Credit: PxHere

Shares of InterGlobe Aviation Limited dropped nearly 8 per cent Thursday amid reports of an alleged rift between the promoters of IndiGo. The scrip tumbled 7.55 per cent to Rs 1,487.10 on the BSE. On NSE, shares tanked 7.73 per cent to Rs 1,485.75. On the traded volume front, 1.77 lakh shares were traded on BSE and over 33 lakh shares on the NSE during the morning trade.

According to media reports, the founders of the budget carrier — Rahul Bhatia and Rakesh Gangwal — locked horns over strategies and ambitions for the airline. Promoters hold about 75 per cent stake in InterGlobe Aviation as per March quarter shareholding pattern on the BSE.


TRENDING

OPINION / BLOG / INTERVIEW

Rethinking Rural Livelihoods in the Times of COVID-19

The reverse migration caused by COVID 19 pandemic has put an additional burden of about one crore people on Indian villages particularly in the states of Uttar Pradesh, Bihar, Bengal and Odisha. Besides increasing the risk of spreading the ...

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...

Videos

Latest News

18 more test positive for virus in Himachal; total count 332

The coronavirus count in Himachal Pradesh rose to 332 on Sunday as 18 more people tested positive for the infection in the state. So far, six people have died of the infection in the state. Special Secretary Health Nipun Jindal said ...

COVID-19: India records highest single-day spike of 8,380 cases; 7th worst-hit country now

India registered its highest single-day spike of COVID-19 cases on Sunday with 8,380 new infections reported in the last 24 hours, taking the countrys tally to 1,82,143, while the death toll rose to 5,164, according to the Union Health Mini...

South Delhi civic body sanitation worker dies of COVID-19: Official

A sanitation worker employed with the South Delhi Municipal Corporation SDMC has died of COVID-19, a senior official said on Sunday. Besides this, the principal of a school under the north corporation, who was working at a hunger relief cen...

It's time for a change: Lady Gaga addresses issue of racism in America

Expressing outrage over the death of George Floyd, singer Lady Gaga on Sunday addressed the ongoing issue of racism in America and called for an action to end the discrimination. This comes after Floyd, an African-American man, was detained...

Give Feedback