24 Sep 2026 | 5 Mins Read
InterGlobe to acquire majority stake in Mamagoto’s parent Azure Hospitality
Flipitmoney
InterGlobe Enterprises, promoter of IndiGo, will acquire a controlling stake in Azure Hospitality, parent of Mamagoto, for $15-20 million. This move aims to expand InterGlobe’s presence in the hospitality and food services sector. Azure Hospitality is backed by Goldman Sachs. The deal highlights InterGlobe’s strategic diversification beyond aviation.