IndiGo Shares Dip After CCI Orders Probe into Unfair Business Practices

• InterGlobe Aviation shares closed nearly 1% lower on Thursday.
• The decline followed the Competition Commission of India (CCI) ordering a detailed probe against IndiGo.
• The probe is for alleged unfair business practices and abuse of dominant position.
• CCI's prima facie conclusion suggests IndiGo abused its dominant position by cancelling thousands of flights, creating artificial scarcity.
• The regulator believes this conduct restricted services under Section 4 (2) (b)(i) of the Competition Act.