At the NSE, shares plummeted 8.40% to close at ₹1,475.
Following the plunge in the scrip, the company's market valuation dropped by ₹5,455.89 crore to ₹56,377.11 crore on the BSE.
In terms of traded volume, 3.70 lakh shares were traded on the BSE and over 70 lakh shares on the NSE during the day.
IndiGo CEO Ronojoy Dutta on Thursday told employees that the airline's growth strategy remains unchanged and is firmly in place, amid reports of rift between two promoters of the country's largest carrier.
"I want to assure you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the board to implement it," Dutta said in a communication to employees.
Without directly mentioning about the rift between promoters, Dutta referred to media reports in this regard in the communication.