IndiGo's becomes world's third largest airline by market cap

InterGlobe Aviation Ltd., the operator of IndiGo, has become the third largest airline in terms of market capitalisation globally. The company's market cap reached a total value of $17.5 billion, aided by a 27.42% rally in the present year. Share price of the airline reached a life-time high of Rs 3,812.85 apiece intraday, advancing 4.92%.