News for InterGlobe Aviation Limited (INDIGO.BO)

Boeing's shares plummeted by 7.8% to $197.3 in premarket U.S. trading following the crash of an Air India Boeing 787-8 Dreamliner near Ahmedabad, India. The aircraft, carrying over 200 people and en route to Gatwick, crashed in a civilian area close to the airport, according to police.

Interglobe Aviation and SpiceJet shares declined amid market downturn and news of an Air India plane crash in Ahmedabad. Indigo shares fell 3.4%, while SpiceJet decreased by 2.6%. The broader market experienced a significant sell-off due to global uncertainties, with the Sensex and Nifty dropping sharply. InterGlobe Aviation reported a substantial profit growth in Q4FY25.

Shares of Oil and Natural Gas Corporation (ONGC) climbed 3.2% to Rs 255.15 on the BSE, while Oil India surged up to 5% to Rs 488.80. The rally followed a more than 4% overnight jump in global oil prices, reaching their highest levels since early April, driven by concerns over potential supply disruptions in the Middle East.

InterGlobe Aviation, parent of IndiGo, has signed an MoU with Airbus to convert 30 purchase rights into firm orders for A350-900 aircraft, doubling its April 2024 order to 60 jets. Deliveries begin in 2027. The move supports IndiGo's global expansion plans, as it ramps up its long-haul capabilities and positions for a stronger presence in international aviation markets.

Why these PSU stocks will be in focus: Coal India, GRSE, Ircon International, RVNL

NCLT supports MCA claims of fraud by Gensol Engineering, Adani Ports considers buyback, ICICI Securities delisting upheld by SC.

Indian markets ended lower Tuesday as the Sensex fell 624 points and Nifty declined 175, dragged by profit booking in Financial and IT stocks amid weak global cues and muted FII activity. Mid- and small-cap stocks showed resilience, backed by strong Q4 results.

IndiGo faces penalties totaling over Rs 2.76 crore from customs authorities in Ahmedabad and Chennai for alleged customs duty discrepancies. The airline disputes the demands, asserting that it has correctly deposited the duty. IndiGo plans to appeal the orders before the appropriate appellate authority, while InterGlobe Aviation anticipates no significant impact on its financials or operations.

InterGlobe Aviation shares drop as promoter Rakesh Gangwal and family trust plan to sell 3.4% stake worth Rs 6,831 crore.

InterGlobe Aviation promoter Rakesh Gangwal sells 5.7% stake in IndiGo for $1.33 billion through block deal.

As of 30 March 2025, Gangwal and the Chinkerpoo Family Trust held a combined 13.53% stake in IndiGo, down sharply from over 32% in 2015.

InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore ($1.33 billion) through a block deal, according to sources. Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said.

Rakesh Gangwal and the Chinkerpoo Family Trust will offload up to 13.2 million shares at ₹5,175 each, representing 3.4% stake. Goldman Sachs and others are facilitating the trade.

India Business News: IndiGo co-founder Rakesh Gangwal and his family trust plan to sell up to 3.4% of their stake in the airline for approximately Rs 6,831 crore. This mov

IndiGo airlines founder Rakesh Gangwal and a promoter entity are planning to offload up to a 3.4% stake in InterGlobe Aviation Ltd. for nearly Rs 6,833 crore via open market transactions. Gangwal and the Chinkerpoo Family Trust are offering as many as 1.3 crore shares in the company in a block sale, according to Bloomberg News. The floor price for the IndiGo block deal is set at Rs 5,175 per share, a 4.5% discount to the last closing.

Sensex and Nifty rebound in early trade driven by blue-chip IT stocks, Asian markets; market direction uncertain.

Asia Index announces changes in BSE indices, including Sensex, with Trent and Bharat Electronics replacing Nestle India and IndusInd Bank.

India Business News: The BSE Sensex is set for a rejig in June 2025, with Trent replacing Nestle India and Bharat Electronics Limited (BEL) stepping in for IndusInd Bank.

Large and midcap indices delivered similar 1-year returns, with Nifty Midcap 100 slightly outperforming Nifty 100. Smallcaps underperformed due to valuation concerns. FIIs favored largecaps amid expensive mid- and smallcap valuations, driving market preference toward stability.