IndiGo parent's stock dips 3% on potential Air India bid
Shares of InterGlobe Aviation, the owner of budget airline IndiGo, plunged around 3% during intraday trade on Thursday after reports said the carrier has expressed interest in acquiring stake in Air India. IndiGo is the first company that has formally shown interest in buying stake in Air India, the Aviation Ministry said. Air India has a debt of â¹52,000 crore.