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
