(Reuters) -Indian airline IndiGo’s top shareholder InterGlobe Enterprises said on Monday that media reports on a stake sale in the carrier “have no factual basis”.
News channel CNBC-TV18, on Friday, reported that InterGlobe Enterprises will sell a 4% stake in IndiGo through block deals and is looking to raise around $1 billion from the sale.
InterGlobe Enterprises denied the report and added that it remains committed to overseeing IndiGo’s long-tem plans.
(Reporting by Manvi Pant in Bengaluru)
