Rakesh 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...

Inter Globe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per c...

India Inc 2023: The year 2023 saw significant turmoil within several prominent Indian businesses, including Bharat Forge, Indigo, Raymond G...

The shares will be sold at Rs 1,850 a share — a discount of 6.5 per cent to its closing price on Wednesday

Late last year, IndiGo's shareholders approved a change in the company's Articles of Association, enabling Gangwal to sell his holding with...

The 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...

However, these provisions remain in the AoA, making it difficult for either promoter to exit.

IndiGo held its extraordinary general Meeting (EGM) today to discuss deletion of rules that make it tough for the main shareholders to sell...

The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal soug...

Bhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.

InterGlobe Aviation is the parent of the country's largest airline IndiGo.

On the NSE, the scrip plummeted 2.13 per cent at Rs 1,830.

Issues weren't as serious as co-promoter Gangwal made them out to be, InterGlobe management said.

India’s biggest airline by market share currently has a board comprising 6 members. The proposal is to increase it to 10.

The issues flagged by Gangwal have led to a public, bitter feud between the two partners of IndiGo.

Bhatia's InterGlobe Enterprises has the right to appoint key managerial personnel & enjoys operational control.

According to FDI rules, foreign companies and foreign airlines are allowed to hold up to a 49 per cent stake in an Indian airline.