IndiGo's top shareholder denies reports of stake sale
June 16 (Reuters) - Indian airline IndiGo's (INGL.NS), opens new tab 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.
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