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 ₹3,689 Cr Block Deal

IndiGo shares plunge 4% following

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The shares fell post-block deal involving 83.7 lakh shares, representing a 2.2% stake in the company

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The block deal was launched to offload a 2% stake in IndiGo

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The block deal worth Rs 3,689 crore was executed at an average price of Rs 4,406 per share

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InterGlobe Enterprises, owns a 37.75% stake in InterGlobe Aviation, the parent entity of IndiGo

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Shares on the NSE dropped to Rs 4,372.5 per share shortly after opening, marking a 4.2% decrease from the previous closing price

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