InterGlobe Enterprises said it is 'firmly committed' to oversee the airline's long-term plans and added that news reports of stake sale are 'speculative and have no factual basis'.
IndiGo block deal: Interglobe Enterprises owned 35.71 percent stake in InterGlobe Aviation, the parent company of IndiGo, as of March 2025.
Archer Aviation will be having a joint venture with InterGlobe Enterprises and the final contours are being worked out.
In his new role, Goba-Ble will lead the company's small package, supply chain solution and healthcare businesses and will continue as a board member of its joint venture with InterGlobe Enterprises MOVIN, the company said.
Before joining SpiceJet, Ashish Kumar was serving as the vice president (head) of corporate finance at Interglobe Enterprises, since January 2019.
The joint venture -- MOVIN -- will be based out of Gurugram and have representation from both UPS and InterGlobe Enterprises.
New York headquartered Apollo Global had purchased IGT Solutions three years back from Indigo Airlines owner InterGlobe Enterprises. Other than travel and hospitality, it also operates in segments like land transportation, logistics, and cargo, e-commerce, and gaming.
Sebi, in its preliminary enquiry, reportedly found several RPTs between InterGlobe Enterprises and IndiGo that were not disclosed as per required procedures.
The e-commerce firm, which competes with the likes of Flipkart and Amazon, has been aggressively hiring talent from the telecom space. In June, Snapdeal named Bharti Airtel Senior Executive Anand Chandrasekaran as its Chief Product Officer.
Gujarat-based Infibeam Incorporation Ltd said it has filed the Draft Red Herring Prospectus (DRHP) with Sebi for a public issue of its equity shares through which it aims to raise up to Rs 450 crore. Infibeam competes with Flipkart, Amazon, Snapdeal and others in the e-commerce space.
Merchant banking sources said the draft papers for all the three Initial Public Offers (IPOs) were being submitted to capital markets regulator Sebi on Tuesday.
The initial public offering will include about USD 200 million of fresh equity infusion, the sources said, declining to be named because they were not authorised to speak to the media.
IndiGo, owned by hospitality and travel company InterGlobe Enterprises, is aiming to get approval from India's market regulator in August, before hitting the market later in the year, one of the sources said.
India's biggest carrier, IndiGo, is preparing to file documents for a stock listing to raise USD 300 to USD 400 million, two sources with knowledge of the plans said, as it looks to cash in on a booming air travel market.
These companies were nominated on the strength of their ability to become future global leaders and represent a broad spectrum of sectors, including banking, retail, information technology, chemicals and energy, WEF said in a news release.
IndiGo's co-founders, Rakesh Gangwal and Rahul Bhatia, who is also the Group Managing Director of the airline's parent firm InterGlobe Enterprises, signed the Memorandum of Understanding (MoU) placing firm orders for 250 A-320neo family aircraft at the Airbus headquarters in Toulouse, France.
We think the religion at Indigo is to keep fares low, get in the customer, fill-up the planes and get more planes, says Rahul Bhatia,MD,Interglobe Enterprises.
After a year of offering services as an Independent Technology Consultant, Nagaraj takes on the Group CIO role at InterGlobe Enterprises.