Rakesh Gangwal

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

Rakesh Gangwal to sell $804 million worth IndiGo stake through block deal: Report

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Rakesh Gangwal to sell 4 million worth IndiGo stake through block deal: Report

Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, ET Now reported. The floor price for the same may be Rs 4,593 per share, which is 5.5% discount to the current market price. Gangwal, the co-founder of India’s largest carrier, had said that … Read more