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InterGlobe Aviation shares tank nearly 8 pc

Press Trust of India  |  New Delhi 

Shares of dropped nearly 8 per cent Thursday amid reports of an alleged rift between the promoters of

The scrip tumbled 7.55 per cent to Rs 1,487.10 on the BSE.

On NSE, shares tanked 7.73 per cent to Rs 1,485.75.

On the traded volume front, 1.77 lakh shares were traded on BSE and over 33 lakh shares on the NSE during the morning trade.

According to media reports, the founders of the

and locked horns over strategies and ambitions for the

Promoters hold about 75 per cent stake in InterGlobe Aviation as per March quarter shareholding pattern on the BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 12:11 IST