IndiGo Block Deal

Rakesh Gangwal may have exited IndiGo via Rs 11,000 crore block deal, stock cracks 3%

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Rakesh Gangwal may have exited IndiGo via Rs 11,000 crore block deal, stock cracks 3%

Shares of InterGlobe Aviation, which operates IndiGo Airlines, dropped 3% to day’s low of Rs 4,714.90 on Thursday as company’s co-founder Rakesh Gangwal reportedly sold 2.3 crore shares in a large block deal worth about Rs 11,000 crore. As the billionaire owned about 5.89% stake in IndiGo at the end of the June quarter, Gangwal … Read more

IndiGo Block Deal: IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%

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IndiGo Block Deal: IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%

In the first such post-IPO stake sale by the Bhatia family, IndiGo promoters today likely sold a 2% stake in the airline for around Rs 3,700 crore in a block deal following which the stock fell around 3%. In the block window, a large deal involving 83.7 lakh shares of InterGlobe Aviation was noticed in … Read more