Rakesh Gangwal to sell $804 million worth IndiGo stake through block deal: Report

August 28, 2024

Rakesh Gangwal, co-founder of InterGlobe Aviation, plans to sell up to $804 million in shares via a block deal, with a floor price of Rs 4,593 each, a 5.5% discount to the current market price. This move follows his previous stake reduction and Shobha Gangwal’s exit.

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