IndiGo Fined ₹14.59 Lakh by Lucknow Authority; Shares in Focus

• Lucknow Authority imposed a ₹14.59 lakh fine on IndiGo's parent, InterGlobe Aviation, for FY 2021-22.
• The fine is due to the denial of input tax credit, with interest and penalty.
• InterGlobe Aviation considers the order incorrect and plans to contest it, citing a strong case on merits.
• The company asserts the fine will not significantly impact its finances or operations.
• IndiGo shares closed down 1.52% on Tuesday; stock performance shows mixed trends over different periods.

Why It Matters: IndiGo faces a ₹14.59 lakh fine from Lucknow Authority but plans to contest it, expecting no major financial impact.