IndiGo's Gangwal sells another Rs 10k crore shares

Rakesh Gangwal, a co-founder of IndiGo, sold over 2 crore shares in Interglobe Aviation for nearly Rs 9,550 crore, reducing his family's stake to about 14.1%. This follows an agreement with Rahul Bhatia to exit the airline by 2027. The block deal caused IndiGo shares to drop nearly 3% on BSE.

Aug 30, 2024 - 07:30

IndiGo's Gangwal sells another Rs 10k crore shares

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Rakesh Gangwal, a co-founder of IndiGo, sold over 2 crore shares in Interglobe Aviation for nearly Rs 9,550 crore, reducing his family's stake to about 14.1%. This follows an agreement with Rahul Bhatia to exit the airline by 2027. The block deal caused IndiGo shares to drop nearly 3% on BSE.