IndiGo Expresses Interest In Acquiring Air India

InterGlobe Aviation Limited operated budget airline carrier, IndiGo has expressed interest in acquiring the international airline operations of Air India and Air India Express. Also, the company is equally interested in acquiring all of the airline operations of Air India and Air India Express. The market seems to have not liked the company’s interest in acquiring the debt-riddern national carrier.

The stock was trading down by over 4% at Rs 1183.7 per share as of 0944 hours on Friday. The company in its BSE filing, also reported that it has ordered 50 ATR turboprops to further deepen its connectivity into the hinterland of India.

Meanwhile, Nifty was trading lower by 39 points at 9,464 level and Sensex was trading lower by 131 points at 30,726 level.

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About Suhani Varma

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