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m.economictimes.comET Bureau

IndiGo promoters sell around 2% in airline

m.economictimes.com reports: InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline for over ₹3,367 crore to fund its ventures. The stake sale will be used for hospitality and corporate purposes.

2024-06-11T18:54:29.545523-07:00
2024-06-11T18:54:29.545523-07:00

InterGlobe Sells 2% Stake in IndiGo for ₹3,367 Crore

InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline via block deal to fund its ventures in hospitality and corporate sectors. This sale aligns with the company's strategic financial planning amidst India's burgeoning aviation market.

2024-06-06T01:06:14.459282-07:00

IndiGo's Elbers Rebrands as Innovative Operator

CEO Pieter Elbers asserts that IndiGo has evolved beyond the traditional low-cost carrier model through a series of unique initiatives.

2024-06-04T11:45:28.407695-07:00

IndiGo Expands with New Routes and Business Class

IndiGo plans to launch ten new routes including lesser-known international destinations. Following a successful 2023, the airline focuses on less competitive markets while enhancing its product offerings.

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2024-06-11T18:54:29.545523-07:002024-06-11T18:54:29.545523-07:00

InterGlobe Sells 2% Stake in IndiGo for ₹3,367 Crore

InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline via block deal to fund its ventures in hospitality and corporate sectors. This sale aligns with the company's strategic financial planning amidst India's burgeoning aviation market.

2024-06-04T11:45:28.407695-07:002024-06-04T11:45:28.407695-07:00

IndiGo Expands with New Routes and Business Class

IndiGo plans to launch ten new routes including lesser-known international destinations. Following a successful 2023, the airline focuses on less competitive markets while enhancing its product offerings.

2024-04-25T04:54:43.822896-07:002024-04-25T04:54:43.822896-07:00

IndiGo Expands Fleet with Major Airbus A350 Order

IndiGo has confirmed a significant expansion with an order of 30 Airbus A350-900 aircraft, powered by Rolls Royce's Trent XWB engines, alongside options for 70 more, marking a strategic shift toward long-haul flight capabilities.