Government of Singapore sold 4,85,902 shares of InterGlobe Aviation for ₹205.86 Cr at ₹4236.70 apiece in the open market, reducing its stake from 2.51% to 2.40%.
India's largest passenger airline operating as a low-cost carrier, IndiGo serves 86 destinations including 24 international routes across the country and beyond. The airline distinguishes itself through an unbundled business model that emphasizes simple products and transparent pricing. IndiGo focuses on delivering low fares, punctual flights, and courteous service to passengers, having grown its fleet significantly since commencing operations in 2006.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.
