Gangwals to sell 3.1% in IndiGo parent via Rs 7,020-crore block deals

Rakesh Gangwal’s family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at ₹5,808 per share, a 4% discount. This sale marks a continuation of Gangwal’s gradual departure from IndiGo since stepping down from the board in February 2022, with a 150-day lock-up period agreed upon for further sales.

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