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(As on May 27, 2025, 10:54)

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InterGlobe Aviation shares slide 3.5% on stake sale reports

Shares of InterGlobe Aviation, the parent company of IndiGo, fell sharply in Tuesday’s morning trade following reports that promoter Rakesh Gangwal and his family trust may sell up to a 3.4% stake in the airline.

The stock opened weak and extended losses, slipping 2.99% to Rs 5,256 on the BSE. On the NSE, it declined 3.49% to Rs 5,230.50.

The potential stake sale has triggered investor concerns, leading to selling pressure on the counter.

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