The parent company of IndiGo, came under sharp selling pressure on Thursday after the Competition Commission of India (CCI) ordered a detailed investigation into the airline over alleged unfair business practices. The stock fell over 3% during morning trade, reflecting investor concerns.
On the BSE, InterGlobe Aviation shares dropped as much as 3.65% to ₹4,782.45, while on the NSE they declined around 3.6% to ₹4,780.30. Later in the session, losses narrowed slightly, but the stock continued to trade in the red.
The decline followed a 16-page order issued by the competition regulator, directing a full probe into IndiGo’s conduct. The CCI said it had formed a prima facie view that the airline may have misused its dominant position in the market. The order comes nearly two months after IndiGo cancelled a large number of flights due to operational issues, causing widespread disruption for passengers.
Based on data from the DGCA, the CCI noted that the scale of cancellations effectively reduced capacity, created artificial scarcity and limited consumer access to air travel during high-demand periods. The regulator has asked its Director General to conduct a detailed investigation under the Competition Act.
IndiGo Shares Fall Over 3% After CCI Orders Detailed Probe
