As per the merger scheme, ITC itself would retain 40% of the hotel shareholding, and the remaining 60% would be held by the existing ITC shareholders.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization