InterGlobe Aviation, the parent company of IndiGo on Wednesday said it has responded to all queries from markets regulator Securities and Exchange Board of India (SEBI) regarding related party transactions and asserted that they took place in the best interests of the company, according to a leading daily report.

Indigo's parent company Interglobe Aviation in its regulatory filing also said, ‘’ We would like to state that the news item published regarding related party transaction is factually incorrect and the company has not received any communication from SEBI in this regard.’’

''Further, IndiGo strongly denies any allegations of wrongdoing or avoidance of processes. It reiterates that it has strong processes for ensuring arm's length dealings with related parties and that such transactions were entered into in the ordinary course of business and were in the best interests of IndiGo,'' the regulatory filing said.

Shares of the company declined Rs 29.05, or 2.08%, to settle at Rs 1,365.00. The total volume of shares traded was 33,212 at the BSE (Thursday).