IndiGo Share Price Falls After Promoter Offloads Equity Via Block Deal

InterGlobe Aviation Ltd. share price fell during early trade on Thursday after promoters offloaded equity via a block deal. Co-founder Rakesh Gangwal and the Chinkerpoo Family Trust will together offload up to 1.21 crore shares, representing 3.1% stake in the company that operates flights under the name IndiGo, according to the term sheet accessed by NDTV Profit. The stake is worth Rs 7,027.7 crore.