INTERGLOBE ENTERPRISES
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).
Another block deal in IndiGo, 5 lakh shares change hands; stock flat
Earlier on Tuesday, promoter group entity InterGlobe Enterprises had sold a 2% stake or around 77 lakh shares in the airline after which their ownership had dropped to 35.75%. That was the first instance the Bhatia Family sold their stake in InterGlobe Aviation after the IPO.
IndiGo promoters sell around 2% in airline
InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline for over ₹3,367 crore to fund its ventures. The stake sale will be used for hospitality and corporate purposes.
IndiGo promoter sells about 2% share
After the share sale, the Rahul Bhatia owned company will continue to remain IndiGo’s largest shareholder with around 35.7% stake in the company.
IndiGo promoter offloads 2% stake in Rs 3,367 crore block deal
InterGlobe Enterprises, owned by Rahul Bhatia's family, sold 2% stake in IndiGo for Rs 3,367 crore, marking their first stake sale post IPO.
IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%
IndiGo Block Deal: This is the first time the Bhatia Family is offloading their stake in IndiGo post the IPO. InterGlobe Enterprises, through which Rahul Bhatia, one of the company's promoters, held a 37.91% stake in the company as of March 2024, according to BSE filings. Following the block deal, there will be a lock-up period of 365 days for the seller.
IndiGo promoter Bhatia family may sell 2% for $394 million
Bhatia Family selling 2% stake in IndiGo for ₹3,292.3 crore through a block deal. First stake sale post IPO. InterGlobe Enterprises selling shares. Lock-up period of 365 days post deal. IGE to invest in hospitality, launching Miiro hotels in Europe.
InterGlobe Enterprises likely to sell 2% stake in IndiGo via block deal: Report
The stake sale is valued at approximately $394 million, with the promoter set to offload 77 lakh shares at ₹4,266 each. This transaction will be executed at a 6% discount to IndiGo's last closing price. The company's shares have had a healthy run so far this year with a gain of over 50% year-to-date.
DGCA to lay roadmap for air taxis soon; project to take off from Delhi-NCR, Mumbai and Bengaluru
Following the conclusion of the country's largest electoral activity, the Aviation Ministry has initiated efforts on a new project: urban air mobility. Reports suggest that India's aviation regulator, the Directorate General of Civil Aviation (DGCA), is rumored to have established several technical committees to develop a roadmap for the introduction of air taxis in the country. The project is expected to commence in major urban centers such as Delhi-NCR, Mumbai, and Bengaluru by 2026, with plans to expand to other cities like Chennai and Hyderabad thereafter.
India's air taxi plan gets going, work begins towards 2026 take-off; fares to be only slightly higher than Uber's?
In a game changer for urban mobility in India, aviation authorities have set a keenly-watched air taxi plan in motion. US manufacturer Archer has been onboarded for the big project and a 2026 start is being eyed by the DGCA. A major good news is that the service is unlikely to burn a hole in the traveller's pocket.
IndiGo draws upgrades with focus on yields even as it adds capacity
During FY22 and FY24, IndiGo has been following a clear strategy of expanding capacity at a brisk pace and boosting yield - revenue per km per paid passenger. During this period, the airline has been adding capacity in the range of 22-63% on a year-on-year basis. In the same period, yield jumped 19% to ₹5.08 per kilometre in FY24.
Indian origin hotel investors increasing in overseas markets
Accor opened Raffles London at The OWO, London’s most expensive hotel owned by the Hinduja Group, expressing gratitude to the Hindujas for the partnership.
IndiGo in long haul for bigger market share
The company’s international expansion will be gradual given that the aircraft delivery is expected in 2027. A critical question is whether the airline will be able to retain the advantage of a low-cost carrier once it expands in international markets, which would increase its operating costs.
Flying over city traffic: How exactly can you travel between Delhi and Gurugram in 7 minutes?
In a joint venture, InterGlobe Enterprises, the parent company of India's leading airline IndiGo, and US-based Archer Aviation, plan to introduce an all-electric air taxi service in India by 2026. This service will facilitate transportation from Connaught Place in New Delhi to Gurugram in Haryana, with a remarkable travel time of only 7 minutes.
InterGlobe Enterprises, CP Gurnani launch AI business venture
InterGlobe and C P Gurnani launched AIonOS in New Delhi, focusing on digital transformation with AI solutions. IndiGo, Assago, and family office are key components. The venture aims to enhance human and system capabilities.
'India becoming a convenient hub for travel between SE Asia & Middle East': IndiGo Chairman
India is emerging as a key hub for travel between Southeast Asia and the Middle East, with airlines increasingly using Indian cities for connecting flights, according to V Sumantran, Chairman of the Board of Directors of InterGlobe Aviation Ltd (IndiGo Airlines). Speaking at the 65th Institute Day of the Indian Institute of Technology, Madras, Sumantran highlighted IndiGo's role in providing affordable travel since its inception in 2006. He noted the airline's significant growth, including a massive order of 500 aircraft, making it the third most valuable airline globally.
Come '26, hailing an air taxi may become a reality
Archer Aviation plans to introduce a ₹3000 air taxi service between New Delhi and Gurugram by 2026, partnering with IndiGo. They aim to reduce travel time to 7 minutes and are working on Urban Air Mobility policies.
Archer and Interglobe plans air taxi to cut down travel time in Indian cities
California-based EVTOL company Archer Aviation plans to reduce travel time in India by 2026 to seven minutes, five times that of Uber. EVTOLs take off and land vertically, producing fewer emissions and potentially being quieter. Archer has partnered with Interglobe Enterprise, the owner of IndiGo, which has reduced air travel costs in India.
Delhi to Gurugram in 7 minutes: InterGlobe to bring air taxis in 2026
InterGlobe Enterprises, parent company of IndiGo, and Archer Aviation plan to launch all-electric air taxi services in India by 2026, cutting travel time from Delhi's Connaught Place to Gurugram to 7 minutes. Costing Rs 2,000-3,000, they'll operate 200 eVTOL aircraft, aiming for FAA certification next year before India's DGCA.
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