InterGlobe Aviation founders to sell 2.91 percent stake for $197 million

(Reuters) - InterGlobe Aviation Ltd, the owner of India's biggest airline IndiGo, on Tuesday said two of its founder group companies will in this week sell a combined 2.91 percent stake in the company worth about 12.65 billion rupees ($196.5 million).

Acquire Services Pvt Ltd plans to sell about 8 million shares in InterGlobe while IGE (Mauritius) Pvt Ltd will offload 3.2 million shares in a stock market auction on Wednesday and Thursday, according to a regulatory filing. (http://bit.ly/2BW8a3L)

The shares will be sold at a floor price of 1,130 rupees each, the filing showed.

($1 = 64.3925 Indian rupees)

(Reporting By Samantha Kareen Nair in Bengaluru; Editing by Vyas Mohan)