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RAKESH GANGWAL RESIGNATION
Zetwerk IPO: Size, valuation, timeline and other details we know so farZetwerk is preparing to confidentially file IPO papers to raise up to $550 million at a $4 billion valuation, including fresh equity and OF...- 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...
- 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...
- Rakesh Gangwal joins Southwest Airlines boardSouthwest Airlines addresses investor criticism by appointing veteran airline executive Rakesh Gangwal to its board, known for co-founding ...
- Rakesh Gangwal & Rahul Bhatia: How two friends built India's most successful airline and then split waysThe co-founder of IndiGo, Rakesh Gangwal, has reportedly sold shares worth $450m, indicating a possible exit from the company he helped cre...
- IndiGo shares drop 5% as Gangwal family pares stake via block dealWith more shares getting freed up from the promoter's belt, the move would also lead to a change in weightage in MSCI and FTSE indices. Con...
- 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...
- 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’s chief strategy & revenue officer Sanjay Kumar, who built route network, quitsIndiGo’s chief strategy & revenue officer Sanjay Kumar has resigned from the budget airline. Kumar is a veteran of Indian aviation who was ...
- IndiGo's co-founder Rakesh Gangwal resigns from InterGlobe board with immediate effectHis letter to the board came barely two weeks after his partner Rahul Bhatia, with whom he has sparred for long, assumed the position of ma...
- 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 replaces its CFO, brings in GE veteranIndiGo earlier this year signed a $20 billion contract with CFM-a joint venture between GE and France’s Safran-to buy engines for its plane...
- IndiGo CFO Rohit Philip resignsThis comes a week after company's promoter Rakesh Gangwal said the company's board has approved a new policy on related-party transactions.
- 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.
- 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.
- Trouble erupts in IndiGo cockpit over flight pathClauses in shareholder pact may have led to rift. Legal cos helping founders resolve issues.
- IndiGo chief planning officer Michael Swiatek quitsA spokesperson at India’s biggest airline by market share confirmed his resignation and added Friday was his last day at work.
- Sebi said to probe IndiGo stock drop before company filingThe Sebi is investigating a 6.1 per cent drop in the company’s shares on April 27.
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