IndiGo: Founder of IndiGo is going to sell his stake, deal can be done for Rs 7000 crore

Rakesh Gangwal: Rakesh Gangwal, co-founder and promoter of the country’s largest airline IndiGo, is going to sell his major stake. He can make a block deal of about $ 85 crore (Rs 7000 crore) to sell his stake in IndiGo’s parent company Interglobe Aviation.

Rakesh Gangwal had resigned from the board of directors of InterGlobe Aviation in February 2022, saying that he would gradually reduce his stake in the budget airline over the next 5 years.

You can make the deal at Rs 4,593 per share

CNBC-TV18, quoting sources, has claimed in the report that IndiGo Airline promoter Rakesh Gangwal is preparing to make a deal to sell his stake in the airline’s parent company InterGlobe Aviation at the rate of Rs 4,593 per share. . This block deal can be done for 85 crore dollars.