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Gangwal and his family have been gradually reduction in their shareholding in the company, effectively lowering the promoter group’s holding to 57.3% following the latest block deal
(PTI) Rakesh Gangwal, the co-founder and promoter of the country's largest airline IndiGo, on Monday sold 5.83 per cent stake in the carrier for Rs 6,785 crore through open market transactions. The stake sale is part of Gangwal's decision to trim his shareholding, a decision announced in February 2022 after a bitter feud with co-founder…
Rakesh Gangwal, co-founder of Indian carrier IndiGo, has sold a 5.8% stake in operator Interglobe Aviation via bulk deals on Monday, stock exchange data showed....
Gangwal, the co-founder of Indias largest carrier, had said that he would gradually reduce the holdings in the company after stepping down from the board in February 2022. Shobha Gangwal has completely exited the airline.
(This story has not been edited by THE WEEK and is auto-generated from a PTI