InterGlobe Aviation Limited
Invesco Mutual Fund increased its stake in InterGlobe Aviation from 1.40% to 1.54%, buying 516,059 shares. The additional shares are worth ₹26.41 Cr at a 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.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.