A promoter group of InterGlobe Aviation Ltd. sold shares worth Rs 9,548 crore through open market transactions on Thursday. The buyers included Morgan Stanley Asia (Singapore) Pte.
Portfolio investor the Chinkerpoo Family Trust divested a 5.25% stake in the IndiGo parent firm, selling 2.02 crore shares at Rs 4,715.89 apiece, according to the bulk deal data on the BSE.
Morgan Stanley Asia bought 28.5 lakh shares or a 0.74% stake, at Rs 4,714.9 apiece.
ADVERTISEMENT
ADVERTISEMENT
As of June, the Chinkerpoo Family Trust held a 13.49% stake in the aviation company. The trustees include Shobha Gangwal and JP Morgan Trust Co. of Delaware.
Shares of InterGlobe Aviation closed 2.06% lower at Rs 4,758.95 apiece on the BSE, compared to a 0.43% advance in the benchmark Sensex.
WRITTEN BY
RECOMMENDED FOR YOU
Restaurant Brands Asia Promoter Sells 2.16% stake For 113 Crore To Mirae Asset Mutual Fund
Sep 18, 2024
.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Brokerage Views: Morgan Stanley Overweight On India, Citi On LTIMindtree, Macquarie On TCS And More
Sep 18, 2024
UBS Principal Capital Asia Divests 0.54% Stake In Vodafone Idea For Rs 598.9 Crore
Aug 30, 2024
Singapore Government Buys 0.63% Stake In PNB Housing Finance
Aug 22, 2024
POPULAR
1
Asian Stocks Gain As Fed Locks In Half-Point Cut To Aid Economy
2
Stock Market Today: All You Need To Know Before Going Into Trade On Sept. 19
3
Stock Traders ‘Sell The News’ After Fed Goes Big: Markets Wrap
4
Piyush Goyal: AI Tool To Accelerate Trademark Applications Efficiently
5