IndiGo stock lost 4.48% to ₹1,897.00 against the previous close of ₹1,912.05 on NSE. The market capitalization of the aviation company stood at ₹73,346 crore
The offer floor price for the sale by Shobha Gangwal, the wife of IndiGo co-founder Rakesh Gangwal, has been set at ₹1,875 per share, the report said. The price is at a 5.6% discount to InterGlobe s closing price on Wednesday
IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions.