Shobha Gangwal sells IndiGo stake for Rs 2,944 cr

Rakesh Gangwal, his wife Shobha Gangwal, and their family trust, all of which are part of the promoter group, held a 33.78% stake in the airline company as of December 2022. In February last year, besides stepping down from the company’s board, Rakesh Gangwal, the co-founder of India’s largest carrier, announced his decision to reduce stake in the company slowly.

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