IndiGo share price falls 5% after block deal; Gangwal family is the seller

Share Price , Block Deal Today: Shares of InterGlobe Aviation , which owns IndiGo , today (Aug28) fell as much as 5 per cent in early morning session on the back of a block deal. IndiGo shares opened gap down with a loss of 2.89 per cent at Rs 5875 versus the previous close of Rs 6050 on NSE. The counter extended the opening loss and made a low of Rs 5755, down Rs 295 or 4.87 per cent. Around 10 AM, IndiGo shares quoted 4.30 per cent southward at Rs 5790. As many as 1.52 crore shares of Gurugram headquartered airline changed hands. IndiGo shares are losing for the last two consecutive trading sessions. The stock is trading higher than 100-day and 200-day moving averages but lower than 5-day, 20-day and 50-day moving averages.