World Economy

IndiGo Shares Soar

IndiGo Shares SoarIndiGo Shares Soar

India’s leading airline is celebrating a ‘blockbuster takeoff’ as shares surged high above their listing price. The IPO is aimed at solidifying IndiGo’s grip on one of the world’s fastest growing aviation markets, NDTV reported. IndiGo got off to a flying start as India’s largest carrier made its market debut on Tuesday, with shares in its parent company InterGlobe Aviation surging as high as 18% above their listing price. Shares opened at 856 rupees ($12.9) on the Bombay Stock Exchange, then soared to 887.5 rupees around noon, up from an issue price of 765 rupees.