IndiGo surges on collaborating with Kotak Mahindra Bank to introduce co-branded credit cards
Interglobe Aviation is currently trading at Rs 5921.05, up by 80.30 points or 1.37% from its previous closing of Rs 5840.75 on the BSE.
The scrip opened at Rs 5850.00 and has touched a high and low of Rs 5937.00 and Rs 5840.50 respectively. So far 9360 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 6019.20 on 01-Jul-2025 and a 52-week low of Rs 3778.50 on 28-Oct-2024.
Last one week high and low of the scrip stood at Rs 5937.00 and Rs 5733.10 respectively. The current market cap of the company is Rs 228859.60 crore.
The promoters holding in the company stood at 49.27%, while Institutions and Non-Institutions held 45.84% and 4.88% respectively.
InterGlobe Aviation (IndiGo) and Kotak Mahindra Bank have entered into a strategic partnership to introduce their first co-branded credit cards, as part of the IndiGo BluChip loyalty program. Over the last three years, IndiGo has pursued a multi-pronged growth strategy, aimed at evolving from a domestic low-cost airline to a global player, with a carefully crafted service offering suited to the needs of today’s aspirational traveller. The pursuit of this strategy has seen IndiGo push for international expansion, fleet diversification, launch a tailor-made business product- IndiGoStretch, and forge multiple global partnerships.
As part of execution of this growth strategy, IndiGo BluChip was launched last year, as a free to join loyalty program, with easy to earn points (BluChips) which are redeemable on any IndiGo flight, without any blackout dates. The response to IndiGo BluChip program has been extraordinary, with already 3.5 million registered members in the short period since launch. Aimed at elevating the travel and lifestyle experience of IndiGo customers, the new co-branded credit cards enable members to accelerate earning IndiGo BluChips through everyday purchases and other expenses and allow seamless redemption on IndiGo flights.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
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