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RAKESH GANGWAL INDIGO
Gangwal family trust sells 1.3% in IndiGo parent for Rs 2,933 croreRakesh Gangwal's family trust divested a 1.3% stake in InterGlobe Aviation, IndiGo's parent company, for ₹2,933.4 crore through bulk deals....- Rakesh Gangwal raises $501 million in downsized IndiGo saleRakesh Gangwal's attempt to reduce his stake in IndiGo faced a setback as the share sale size was reduced to 7.56 million shares, raising a...
- Gangwals to sell 3.1% in IndiGo parent via Rs 7,020-crore block dealsRakesh Gangwal's family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at ₹...
- Gangwal family to sell 3.4% stake in IndiGo via Rs 6,831-crore block dealRakesh Gangwal IndiGo stake sale: Rakesh Gangwal and his family plan to divest up to 3.4% stake in IndiGo via block deals worth ₹6,831 cror...
- IndiGo co-founder Rakesh Gangwal to sell part of stake in deal worth $800 million: ReportIndian airline IndiGo co-founder Rakesh Gangwal will sell up to a 3.4% stake in the low-cost carrier through a block deal worth 68.31 billi...
- IndiGo bulk deals effect: FTSE raises weight, MSCI may follow suitFollowing the sale of a 5.83% stake by promoter Rakesh Gangwal, global indices have increased IndiGo's weightage, predicting notable inflow...
- Gangwal sells 5.25% stake in InterGlobe for Rs 9,549 croreIn February 2022, Rakesh Gangwal, co-founder of India's largest carrier, announced his decision to gradually reduce stake in the company an...
- Gangwal family trust offloads 5.2% in IndiGo through Rs 8,400 crore block deal; Morgan Stanley buys stakeRakesh Gangwal, through his family Trust 'The Chinkerpoo' executed the deal at Rs 4,715 apiece. Meanwhile, Morgan Stanley picked up 28.54 l...
- Rakesh Gangwal to sell $804 million worth IndiGo stake through block deal: ReportRakesh 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,...
- Rakesh Gangwal sells 5.8% stake in InterGlobe Aviation for Rs 6,786 croreGangwal, the co-founder of India’s largest carrier, had said that he would gradually reduce the holdings in the company after stepping down...
- SpiceJet shares tumble over 11%. Here's whyRakesh Gangwal has no intention of investing in SpiceJet, said a banker close to him. Gangwal was responding to media reports that said he ...
- IndiGo's Gangwal family offloads 2.9% stake in Rs 2,800 crore dealRakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their C...
- Gangwal family to sell a portion of IndiGo's stake worth $450 million via block deal on WednesdayIndigo Airlines' promoters, the Gangwal family, are selling $450 million worth of shares in a block deal through bankers Morgan Stanley, JP...
- IndiGo co-founder's family likely to sell stake worth up to $909.6 mnThe family of IndiGo's co-founder Rakesh Gangwal is likely to sell between 5-8% stake in the Indian airline's parent InterGlobe Aviation Lt...
- Shobha Gangwal sells IndiGo stake for Rs 2,944 crRakesh 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 ai...
- Rakesh Gangwal resigns from IndiGo board, to reduce stake in firmIn his resignation letter, he also said he will “slowly” reduce stake in the company for the next five years.
- IndiGo shareholders reject amending Article of Association: ReportsIndiGo held its extraordinary general Meeting (EGM) today to discuss deletion of rules that make it tough for the main shareholders to sell...
- InterGlobe to hold shareholders meet on Jan 29The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal soug...
- IndiGo promoters having issues: SourcesSources add the differences started when Bhatia felt Gangwal was gaining greater control of the airline with a slew of recent top level app...
- FIPB approves proposal to convert Rakesh Gangwal's IndiGo stake to NRI categoryAccording to FDI rules, foreign companies and foreign airlines are allowed to hold up to a 49 per cent stake in an Indian airline.
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