IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal; stock sheds 4%

IndiGo Block Deal: This is the first time the Bhatia Family is offloading their stake in IndiGo post the IPO. InterGlobe Enterprises, through which Rahul Bhatia, one of the company’s promoters, held a 37.91% stake in the company as of March 2024, according to BSE filings. Following the block deal, there will be a lock-up […]

Stocks in news: IndiGo, Mphasis, IRB Infra, Raymond, BPCL

Domestic markets opened lower with focus on various companies’ developments including IndiGo, Mphasis, IRB Infra, Cintra, RVNL, Siemens, Raymond Realty, BPCL, JSW Steel, Bharat Petroleum Corporation, Lupin, Global private equity, and Central Railway project.