InterGlobe Aviation Limited
Axis Mutual Fund increased its stake in InterGlobe Aviation by buying 1,261,019 shares, raising its holding from 1.03% to 1.35%. The shares are worth approximately ₹645.98 crore, based on InterGlobe Aviation's share price of ₹5115.00.
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.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.