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RAKESH GANGWAL POSTS
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...- InterGlobe Enterprises likely to sell 2% stake in IndiGo via block deal: ReportThe stake sale is valued at approximately $394 million, with the promoter set to offload 77 lakh shares at ₹4,266 each. This transaction wi...
- 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...
- IndiGo Co-founder Rakesh Gangwal sells stake worth over Rs 7,000 crore in block deal: ReportRakesh Gangwal, co-founder of IndiGo, likely sold 6.7% equity worth over Rs 7,000 crore in a block deal. IndiGo reported Q3 net profit of R...
- 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...
- IndiGo cofounder Rakesh Gangwal donates ₹100 crore to IIT-KanpurThe medical sciences and technology school will incorporate engineering research in the medical sciences field and requires ₹600 crore as i...
- IndiGo EGM call signals truce among promotersThe EGM has been called to amend the AoA, which, among other things, say that if one promoter decides to sell his shares, the other has the...
- Govt need not regulate air fares, capacity any more: IndiGo CEOThe government, since May 2020, has been regulating capacity as well as fares in the domestic sector. It had allowed airlines to increase i...
- Gangwal seeks rejection of Bhatia plea in US court to get documentsBhatia has moved the London Court of International Arbitration (LCIA) in New Delhi on October 1 in his allegations of Gangwal’s breach of t...
- 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.
- 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.
- IndiGo co-promoter Rakesh Gangwal refutes reports of truce with Rahul BhatiaThe letter from Gangwal hits out at reports about a truce with co-promoter Rahul Bhatia.
- InterGlobe Aviation annual general meeting on Aug 27he annual shareholders' meet also comes at a time when IndiGo promoters are locked in a bitter battle.
- Billionaire owners’ public spat weighs on IndiGo’s futureA prolonged tussle between founders is threatening to derail IndiGo- one of world’s most successful airlines.
- Grounded Jet fuels IndiGo to stratosphereBoth had been approached by Gangwal, who had flagged several issues of corporate governance within the company.
- Related-party deals probed by inhouse panel: IGEThe IGE Group said, "Paan ki dukaan is well run and managed by a competent set of managers".
- IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s interventionGangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.
- IndiGo appoints Ronojoy Dutta as CEOAn aviation veteran, Dutta was with United Airlines for 17 years and remained its president between 1999 and 2002.
- For IndiGo, no evenings in Paris, no nights in LondonIndiGo posted its first loss in the July quarter. It will shortly announce earnings for December.
- 5 Indian-Americans among America's richest people: ForbesThe five Indian-Americans are Romesh Wadhwani, Neerja Desai, Rakesh Gangwal, John Kapoor and Kavitark Ram Shriram
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