Bengaluru: InterGlobe Aviation Ltd, the owner of India’s biggest airline IndiGo, on Tuesday said two of its founder group companies will in this week sell a combined 2.91% stake in the company worth about Rs1,265 crore ($196.5 million).

Acquire Services Pvt. Ltd plans to sell about 8 million shares in InterGlobe while IGE (Mauritius) Pvt. Ltd will offload 3.2 million shares in a stock market auction on Wednesday and Thursday, according to a regulatory filing.

The shares will be sold at a floor price of Rs1,130 each, the filing showed. Reuters

My Reads Logout