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GANGWAL FAMILY SHAREHOLDING
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, family trust sell 5.72% in IndiGo parent for Rs 11,564 croreRakesh Gangwal and his family executed a significant block deal, selling a 5.72% stake in InterGlobe Aviation for ₹11,564 crore. This trans...
- Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,559 croreInterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,559 cr...
- 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...
- 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...
- In 2023 India Inc. learnt hard lessons on families, friends and partnersIndia Inc 2023: The year 2023 saw significant turmoil within several prominent Indian businesses, including Bharat Forge, Indigo, Raymond G...
- Gangwal to sell 2.8 per cent stake in IndiGo for Rs 1,996 croreThe shares will be sold at Rs 1,850 a share — a discount of 6.5 per cent to its closing price on Wednesday
- Rakesh Gangwal ropes in 4 investment banks to manage his stake sale in IndiGoLate last year, IndiGo's shareholders approved a change in the company's Articles of Association, enabling Gangwal to sell his holding with...
- Shareholders okay tweak in IndiGo’s contentious clausesThe clauses were the bone of contention in a bitter feud between the two. The clause, when amended, lifts one barrier to any sale of shares...
- IndiGo shareholders reject Gangwal’s proposal at EGMHowever, these provisions remain in the AoA, making it difficult for either promoter to exit.
- 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 cofounder Rahul Bhatia takes partner Rakesh Gangwal to court in FloridaBhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.
- InterGlobe Aviation board to meet on October 24 to consider Q2 resultsInterGlobe Aviation is the parent of the country's largest airline IndiGo.
- IndiGo shares fall over 2% on arbitration proceedingsOn the NSE, the scrip plummeted 2.13 per cent at Rs 1,830.
- IndiGo to investors: Related-party deals small, and at arm's lengthIssues weren't as serious as co-promoter Gangwal made them out to be, InterGlobe management said.
- Rakesh Gangwal to back changes in IndiGo's AoA after concerns addressedIndia’s biggest airline by market share currently has a board comprising 6 members. The proposal is to increase it to 10.
- Can't vote for new resolution, until you prevent Rahul Bhatia from getting more powers: Rakesh Gangwal to IndiGo directorsThe issues flagged by Gangwal have led to a public, bitter feud between the two partners of IndiGo.
- Greater control with cofounder Rahul Bhatia may be behind tiff in IndiGo cockpitBhatia's InterGlobe Enterprises has the right to appoint key managerial personnel & enjoys operational control.
- 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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