May 16, 2019 / 5:04 AM / 8 days ago

BUZZ-IndiGo shares fall as Indian carrier's promoters fall out

** Shares of InterGlobe Aviation Ltd fall as much as 6.5% to 1,506 rupees, their worst intra-day pct loss since Oct. 9

** Promoters Rahul Bhatia and Rakesh Gangwal have allegedly fallen out over differences in, among other things, strategies and ambitions for the airline, the here Economic Times reported

** Both promoters have approached legal firms separately - ET

** InterGlobe, which owns India’s largest carrier IndiGo, has gained 38.2% this year as of Wednesday’s close

** In comparison, SpiceJet Ltd rose 47%, while debt-laden Jet Airways Ltd fell 55.5% during the same period (Reporting By Arnab Paul in Bengaluru)

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