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...
26 May, 2025, 07.22 PM IST
IndiGo co-founder Rakesh Gangwal becomes chairman of Southwest AirlinesIndian billionaire and IndiGo co-founder Rakesh Gangwal has been appointed Chairman of Southwest Airlines. Gangwal, who recently invested U...
06 Nov, 2024, 12.01 AM IST
Rakesh Gangwal, family trust offload 5.83% stake in IndiGo for Rs 10,500 croreInter Globe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per c...
30 Aug, 2024, 08.00 PM IST
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...
30 Aug, 2024, 05.40 AM IST
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...
29 Aug, 2024, 07.28 PM IST
Gangwal to sell shares worth $804 million in IndiGoGangwal, along with his wife Shobha Gangwal and their family trust - who are all part of the promoter group - held nearly a 34% stake in th...
29 Aug, 2024, 05.42 AM IST
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,...
28 Aug, 2024, 07.01 PM IST
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...
11 Mar, 2024, 07.00 PM IST
Gangwal family likely to sell Rs 3,700-crore worth stake in IndiGo via block deals: ReportPromoter Rakesh Gangwal and entities are likely to sell a 3.3% stake in InterGlobe Aviation. The floor price for the sale has been fixed at...
07 Mar, 2024, 07.26 PM IST
Rakesh Gangwal doesn’t have the remotest interest in SpiceJet: BankersA banker with close ties to Rakesh Gangwal, one of the co-founders of IndiGo, has stated that Gangwal has no plans to make an investment in...
14 Oct, 2023, 07.49 PM IST
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...
16 Aug, 2023, 07.36 PM IST
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...
13 Jun, 2023, 04.10 PM IST
IndiGo shares plunge over 3% as co-founder Gangwal's family likely to sell up to 8% stakeThe family of InterGlobe Aviation's co-founder Rakesh Gangwal is reportedly considering selling between 5% and 8% of their stake in the Ind...
12 Jun, 2023, 01.12 PM IST
Rakesh Gangwal’s ‘big-hearted’ move. Twitter hails IndiGo co-founder’s Rs 100 crore donation to IIT-KanpurThe donation has been made towards setting up of a medical institution.
05 Apr, 2022, 01.23 PM IST
IndiGo shareholders reject co-promoter Gangwal's special resolution to amend AoARahul Bhatia and affiliates -- InterGlobe Enterprises (IGE) Group -- has around 38 per cent stake in the company and Rakesh Gangwal and his...
29 Jan, 2020, 06.46 PM IST
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...
03 Jan, 2020, 03.36 PM IST
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.
02 Aug, 2014, 08.44 AM IST