Investors fear IndiGo’s interest in Air India may be fatal attraction
Given the issues and the preliminary stage of Air India's proposed sale process, a lot depends on how this deal will be structured, if it happens, and most importantly, the price
IndiGo has sought the hand of Air India, but its investors are clearly not in favour of the alliance. InterGlobe Aviation Ltd’s share fell by 7.7% on the National Stock Exchange (NSE) in two days after its overture became public.
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