Morgan Stanley Asia Acquires 0.74% Stake In IndiGo Via Large Trade

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. 

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.