1 Min Read
NEW DELHI (Reuters) - IndiGo airlines, owned by InterGlobe Aviation (INGL.NS), has expressed an unsolicited interest in buying a stake in state-owned carrier Air India, television channel CNBC-TV18 reported on Thursday quoting the aviation ministry.
India on Wednesday gave approval to privatize debt-laden Air India, the first step of a process that could see the government offload an airline struggling to turn a profit in the face of growing competition from low-cost rivals.
Shares in InterGlobe Aviation were trading lower by 3.3 percent at 0841 GMT in a strong Mumbai market .BSESN.
Reporting by Aditi Shah; Editing by Malini Menon