InterGlobe Aviation in focus after signing codeshare agreement

Shares of InterGlobe Aviation will be in focus. IndiGo and Istanbul-based Turkish Airlines, a member of Star Alliance, announced a codeshare and mutual cooperation agreement. The signed codeshare and mutual cooperation agreement between the two carriers, the effectiveness of which is subject to receipt by IndiGo and Turkish Airlines of all necessary Board and regulatory approvals, will enable both carriers to provide more flexibility of choice to their respective customers to fly on sectors between India, Istanbul and beyond. This is the first codeshare agreement for IndiGo as part of its international expansion strategy. The announcement was made after market hours on Friday, 21 December 2018.

The Committee of the Directors (Bidding and Merger & Acquisition Committee) of the Entertainment Network (India) approved the company's foray into the United States (US) Radio market. The announcement was made after market hours on Friday, 21 December 2018.

Info Edge has invested, through its wholly-owned subsidiary, about Rs 28 crore in Nopaperforms Solutions. The aggregate shareholding of the company, post this investment, in the entity would be 48.1% on fully converted & diluted basis. The announcement was made after market hours on Friday, 21 December 2018.

PVR's board of directors approved raising upto Rs 750 crore through qualified institutional placement via equity shares or non convertible debt instruments. The announcement was made after market hours on Friday, 21 December 2018.

Inox Leisure has commenced the commercial operations of a multiplex cinema theatre taken on lease basis, located at INOX Leisure, 3rd Floor, Star Mall, 74/Mall/1, Jessore Road (North) Madhyamgram, Kolkata-700129 with effect from 21 December 2018. The announcement was made after market hours on Friday, 21 December 2018.

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