InterGlobe Aviation dips 5% on news of partial stake sale by Rakesh Gangwal

Shares of InterGlobe Aviation dropped 5 per cent to Rs 1,885 on the National Stock Exchange (NSE) in Thursday’s intra-day trade, after nearly 5 per cent of the airline's total equity changed hands via block deals.

Till 09:26 am; around 19.67 million equity shares, representing 5.1 per cent of the airline's total equity, changed hands on the NSE and BSE. The names of the buyers and sellers were not ascertained immediately. Currently, the stock traded 3 per cent lower at Rs 1,921, as compared to 0.85 per cent rise in the Nifty 50.

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