India, May 27 -- Shares of InterGlobe Aviation, the parent company of IndiGo, fell sharply in Tuesday's morning trade following reports that promoter Rakesh Gangwal and his family trust may sell up to a 3.4% stake in the airline.
The stock opened weak and extended losses, slipping 2.99% to Rs 5,256 on the BSE. On the NSE, it declined 3.49% to Rs 5,230.50.
The potential stake sale has triggered investor concerns, leading to selling pressure on the counter.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....