InterGlobe Aviation Ltd clarifies on bid for Virgin Australia

InterGlobe Aviation Ltd has clarified in reference to the news item captioned "InterGlobe Enterprises, IndiGo's parent, confirms interest in Virgin Australia" which appeared on www.moneycontrol.com on May 15, 2020.

The Company has not formulated any indicative proposal or expressed any interest in the sale of Virgin Australia.

As per the aforementioned news report, 'InterGlobe Enterprises' has confirmed its interest in Virgin Australia. InterGlobe Enterprises Private Limited is a separate legal entity and is a shareholder in the Company. The Company is not party to or involved in any proposal of InterGlobe Enterprises Private Limited in relation to the sale of Virgin Australia.

Shares of InterGlobe Aviation Ltd was last trading in BSE at Rs.983.75 as compared to the previous close of Rs. 971.9. The total number of shares traded during the day was 176884 in over 8900 trades.

The stock hit an intraday high of Rs. 996 and intraday low of 941.1. The net turnover during the day was Rs. 172110912.

Source : Equity Bulls

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