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Rakesh Gangwal, co-founder of InterGlobe Aviation, on Monday sold 5.8% stake in the budget carrier through the open market for Rs 6,786 crore.
The stake sale is part of Gangwals decision to trim his shareholding, a decision announced in February 2022 after a bitter feud with co-founder Rahul Bhatia over alleged corporate governance issues.
Investors are anticipating the release of the key CPI data after market hours, as equity benchmark indices Sensex...
Mutual funds bought around 6.01 crore shares in February. As of February 2024, mutual funds held around 142.27 crore shares in HDFC Bank from 136.26 crore shares in January
A total of 2.25 crore shares of InterGlobe Aviation were sold in three tranches, with the price ranging from Rs 3,015.10 to Rs 3,016.36 apiece, according to bulk deal data on the BSE