Following a 5% rise in its parent company’s share price, India’s largest airline is now the world’s third most valuable.
It is now currently the third largest airline in the world based on market capitalisation.
Shares of parent InterGlobe Aviation Ltd reached a record intra-day high.
It puts IndiGo’s marcap at $17.7 billion.
The top two are Delta Air Lines and Ryanair at $30.4 billion and $26.5 billion respectively.
InterGlobe Aviation shares have risen 22% in the last month.
IndiGo has a commanding India airline market share of over 60%.
