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IndiGo shares slip 5% amid proposed capping of airfares

Shares of InterGlobe Aviation Ltd , the parent firm of IndiGo, slipped nearly 5% today after a Parliamentary panel proposed route-specific capping of airfares and setting up of a separate entity to exercise control over air ticket prices, amid concerns in various quarters about surging fares. InterGlobe Aviation stock fell 4.7% to Rs 2982.40 against the previous close of Rs 3130.15 on BSE. Earlier, InterGlobe Aviation shares opened flat the same level.Total 0.24 lakh shares of the firm changed hands amounting to a turnover of Rs 7.39 crore.
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InterGlobe Share Price: Share price of InterGlobe jumps as Sensex drops 634.22 points

Promoters held 37.92 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 18.7 per cent and 12.3 per cent, respectively. ....

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