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Rakesh Gangwal To Sell 3.4% Stake In IndiGo For ₹6,800 Cr
May 27, 2025
|The New Indian Express Tirunelveli
INTERGLOBE Aviation promoter Rakesh Gangwal and his family trust will offload another 3.4% stake worth ₹6,831 crore in the airline on Tuesday, as per sources.
Currently, Gangwal and the family trust together hold about 13.5% in IndiGo.
Under the proposed transaction, up to 1.32 crore equity shares will be sold at a floor price of ₹5,175 per share. The floor price is at a 4.5% discount as against the closing price of ₹5,420 per share on Monday.
هذه القصة من طبعة May 27, 2025 من The New Indian Express Tirunelveli.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Tirunelveli
The New Indian Express Tirunelveli
10 MP cops suspended over hawala money
TEN police personnel, including a woman sub-divisional police officer (SDPO), have been suspended for allegedly misappropriating ₹1.5 crore out of the ₹2.96 crore suspected hawala money in MP's Seoni district, officials said on Friday.
1 min
October 11, 2025
The New Indian Express Tirunelveli
Potters race against time amid supply crunch
Dehradun's bustling Kumhar Mandi
2 mins
October 11, 2025
The New Indian Express Tirunelveli
An archetypal Jaiswal’s innings
CLOSE your eyes and imagine an archetypal Yashasvi Jaiswal innings in red-ball cricket.
3 mins
October 11, 2025
The New Indian Express Tirunelveli
Hockey stars get rare chess lesson
INDIA'S Olympic medal-winning hockey players swapped their sticks for chess sets as all of them were given an introductory class on the basics of the board game in a first-of-itskind initiative by chief coach Craig Fulton.
1 mins
October 11, 2025
The New Indian Express Tirunelveli
IS IT TIME TO TALK ABOUT FIVE-BOWLER STRATEGY?
India's dependence on part-timers could hurt them vs stronger sides
3 mins
October 11, 2025
The New Indian Express Tirunelveli
Grasim case: Asian Paints moves Supreme Court against CCI probe
ASIAN PAINTS, country's largest paint company, has approached the Supreme Court challenging the Bombay High Court decision that upheld the Competition Commission of India's (CCI) order to investigate the company for allegedly abusing its dominant position in the decorative paints market.
1 min
October 11, 2025
The New Indian Express Tirunelveli
Gig industry faces attrition amid increase in demand
EVEN as job openings in the gig and temporary staffing sectors have surged 15-20% yearon-year during the ongoing festive season, manpower supply has failed to keep pace.
2 mins
October 11, 2025
The New Indian Express Tirunelveli
TTK Prestige promoter TT Jagannathan dies at 77
TT Jagannathan (TTJ), chairman emeritus of kitchen appliance maker TTK Prestige Ltd, passed away in Bengaluru late on Thursday at 77.
1 min
October 11, 2025
The New Indian Express Tirunelveli
Star para athlete Simran’s guide Saifi provisionally suspended by NADA
IN a dramatic turn of event on Friday, Umar Saifi, guide of star para-athlete Simran Sharma, was included in the list of provisionally suspended athletes by the National Anti-Doping Agency, only a day ahead of the felicitation function organised to honour medal winners of the World Para Athletics Championships.
1 mins
October 11, 2025
The New Indian Express Tirunelveli
NC announces candidates for 3 of 4 Rajya Sabha seats, leaves 1 for Cong
IN a key political move, three-time former Jammu and Kashmir Chief Minister and National Conference (NC) president Farooq Abdullah will stay rooted in Jammu and Kashmir politics and not move to the national stage.
1 mins
October 11, 2025
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