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Rakesh Gangwal to sell $803 mn IndiGo stake in block deal today
Mint Chennai
|May 27, 2025
IndiGo co-founder and promoter Rakesh Gangwal is expected to sell shares worth $803 million in the airline in a block deal on 27 May, according to the deal's term sheet.
Gangwal and his Chinkerpoo Family Trust are expected to offload 13.2 million shares or 3.4% stake at an offer price of ₹5,175 per share in InterGlobe Aviation Ltd, which runs India's largest carrier, said the term sheet reviewed by Mint.
That's a 4.5% discount to its Monday close price of ₹5,418.3 apiece on the BSE.
As on 30 March, Gangwal had a 5.3% stake in the aviation company, while the Chinkerpoo Family Trust owned 8.23% in the company, according to data on BSE.
यह कहानी Mint Chennai के May 27, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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