Description

InterGlobe Aviation (IndiGo) clarifies news article regarding CCI's prima facie order directing investigation into alleged artificial shortage of seats during December flight chaos.

Summary

InterGlobe Aviation Limited (IndiGo) has clarified a news article regarding the Competition Commission of India (CCI) issuing a prima facie order dated February 4, 2026 under Section 26(1) of the Competition Act, 2002, directing the CCI’s Director General to initiate an investigation against the Company. The investigation relates to allegations of creating an artificial shortage of seats during December flight chaos. The Company has disclosed this matter under Regulation 30 of SEBI (LODR) Regulations, 2015 and is currently reviewing the order.

Key Points

  • CCI has issued a prima facie order dated February 4, 2026 directing investigation against IndiGo
  • Investigation ordered under Section 26(1) of the Competition Act, 2002
  • Relates to news article about alleged artificial shortage of seats during December flight chaos
  • This is a preliminary order to initiate investigation, not a final finding
  • Company disclosed the matter to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015
  • IndiGo is reviewing the order and will take appropriate recourse after detailed review
  • Full CCI order is available on the Competition Commission of India website
  • BSE Scrip Code: 539448, NSE Symbol: INDIGO

Regulatory Changes

No regulatory changes. This is a disclosure of an investigation order issued by CCI.

Compliance Requirements

  • IndiGo must cooperate with CCI’s Director General investigation
  • Company has complied with disclosure requirements under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Company must respond to CCI investigation as per Competition Act procedures

Important Dates

  • February 4, 2026: CCI issued prima facie order directing investigation
  • February 5, 2026: Company made disclosure to stock exchanges
  • February 5, 2026: Company responded to BSE surveillance query

Impact Assessment

Market Impact: High - This is a significant development for India’s largest airline by market share. Investigation by CCI into alleged anti-competitive practices could lead to penalties, operational restrictions, or adverse reputation effects.

Legal Impact: The prima facie order means CCI has found sufficient grounds to warrant a full investigation. While this is not a final determination of wrongdoing, it indicates serious regulatory scrutiny.

Operational Impact: The investigation relates to alleged artificial shortage of seats during peak December travel period, which could impact pricing and capacity management practices if findings are adverse.

Investor Impact: High severity disclosure that may impact investor sentiment and stock price. Investors should monitor developments in the CCI investigation and any subsequent orders or findings.

Impact Justification

Major regulatory investigation by CCI into India's largest airline for potential anti-competitive practices, could have significant legal and financial implications