New Delhi: InterGlobe Aviation's promoter entity InterGlobe Enterprises on Tuesday sold 2 per cent stake in the airline for Rs 3,367 crore through an open market transaction.
According to bulk deal data available with BSE, InterGlobe Enterprises Pvt Ltd sold 77,19,573 equity shares, equivalent to 1.99 per cent stake in InterGlobe Aviation, which operates IndiGo brand airline.
The shares were sold at an average price of Rs 4,362.04 per piece, taking the value of the transaction to Rs 3,367.31 crore.
After the stake sale, InterGlobe Enterprises' stake in the company reduced from 37.75 percent to 35.76 percent.
Meanwhile, Citigroup Global Markets Mauritius acquired 31.23 lakh shares, representing 0.81 per cent stake in InterGlobe Aviation.
The shares were bought at an average price of Rs 4,361, taking the value of the transaction to Rs 1,362.16 crore.
Details of other buyers could not be ascertained.
Shares of InterGlobe Aviation closed at Rs 4,368.20, down 4.26 per cent, on the BSE.
InterGlobe Enterprises has businesses in sectors such as aviation (IndiGo), hospitality, logistics, airline management, travel commerce, advanced pilot training and aircraft maintenance engineering.
According to bulk deal data available with BSE, InterGlobe Enterprises Pvt Ltd sold 77,19,573 equity shares, equivalent to 1.99 per cent stake in InterGlobe Aviation, which operates IndiGo brand airline.
The shares were sold at an average price of Rs 4,362.04 per piece, taking the value of the transaction to Rs 3,367.31 crore.
After the stake sale, InterGlobe Enterprises' stake in the company reduced from 37.75 percent to 35.76 percent.
Meanwhile, Citigroup Global Markets Mauritius acquired 31.23 lakh shares, representing 0.81 per cent stake in InterGlobe Aviation.
The shares were bought at an average price of Rs 4,361, taking the value of the transaction to Rs 1,362.16 crore.
Details of other buyers could not be ascertained.
Shares of InterGlobe Aviation closed at Rs 4,368.20, down 4.26 per cent, on the BSE.
InterGlobe Enterprises has businesses in sectors such as aviation (IndiGo), hospitality, logistics, airline management, travel commerce, advanced pilot training and aircraft maintenance engineering.