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New Delhi. Shares of InterGlobe Aviation are trading with a huge decline on June 11, 2024. In fact, a block deal of about 2.2 per cent has been done on the exchanges. According to news agency Reuters, IndiGo will sell shares worth about Rs 3.94 billion.
InterGlobe Enterprises, which holds a 37.75% stake in IndiGo's operator InterGlobe Aviation, will now sell the shares at a base price of Rs 4,266 each, the term sheet showed.
After this decision of Indigo, a huge decline has been seen in the stock of Indigo today.
indigo share price
At around 10.30 am, Indigo's stock was trading down by Rs 162.60 or 3.56 percent at Rs 4,404.00 per share. If we talk about the performance of Indigo shares, the company has given a return of 50.54 percent in the last 6 months. Whereas, in 1 year, the company has given a return of 82.67 percent to the investors.
Indigo is expanding
The country's largest airline Indigo is expanding its business. Recently, Indigo started business class service in its planes. In 2023, Indigo had ordered 500 A320Neo category aircraft. This year the airline has ordered 30 A350 wide body aircraft.
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