IndiGo block deal: Rakesh Gangwal offloads 2.3 crore shares worth Rs 11,000 crore; stock cracks 3%

August 29, 2024

Shares of InterGlobe Aviation, which operates IndiGo Airlines, fell 3% to Rs 4,714.90 after co-founder Rakesh Gangwal sold 2.3 crore shares (6% equity) at Rs 4,760 each, totaling Rs 11,000 crore. The official sellers remain undisclosed. The stake sale amount was revised from Rs 6,750 crore.

More To Explore

Deven Choksey on 3 themes that are right for investing in a volatile market

Deven Choksey is optimistic about investing in the metal sector due to stable energy prices and rising consumption. He also sees opportunities in some NBFCs

October 8, 2024

Jyoti Structures shares surge 10% after big shark Ashish Kacholia buys 2.52% stake

Shares of Jyoti Structures skyrocketed by 10% after investor Ashish Kacholia acquired a 2.52% stake. Showing notable growth, the stock has risen 91% over the

October 8, 2024

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003