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Gangwal nets $501 mn in downsized IndiGo sale

Mint Hyderabad

|

August 29, 2025

Billionaire Rakesh Gangwal's latest attempt to pare his stake in IndiGo faced a surprise on Thursday, as the size of his share sale was reduced—a rare move for IndiGo, whose stock ranks among the world's most valuable airlines.

- Bloomberg

Gangwal and the Chinkerpoo Family Trust offloaded 7.56 million shares or 1.96% stake in the low-cost carrier, raising about ₹43.9 billion, according to the terms of the deal seen by Bloomberg News on Thursday. This is less than the earlier plan to sell 12.1 million shares worth over $800 million, the terms showed.

Mint Hyderabad からのその他のストーリー

Mint Hyderabad

Nuclear recharge: Let's hedge our import bets

India's new nuclear law aligns our framework with global norms and looks set to revive a languishing source of clean energy. But don't give up on efforts to minimize import reliance

time to read

2 mins

December 19, 2025

Mint Hyderabad

Vishal Mart’s ascent is steady

Vishal Mega Mart Ltd has completed a year on the stock exchanges, and investors can scarcely complain.

time to read

2 mins

December 19, 2025

Mint Hyderabad

TVS Supply Chain moves NCLAT

TVS Supply Chain Solutions has moved appellate tribunal NCLAT, challenging an NCLT order which had rejected its plea to initiate insolvency against the Indian unit of telecom gear manufacturer ZTE.

time to read

1 min

December 19, 2025

Mint Hyderabad

Food delivery sees a 27% increase in employment

The sector directly employed 1.37 million workers in 2023-24, a 12.3% CAGR expansion

time to read

1 mins

December 19, 2025

Mint Hyderabad

Adani Infra to raise $1 billion via dollar bonds

Adani Infra is a subsidiary of Adani Properties Pvt Ltd (APPL), which is in turn held by the S.B. Adani Family Trust, a key promoter entity of the Adani Group.

time to read

1 mins

December 19, 2025

Mint Hyderabad

L Catterton bets on Haldiram Snacks

Consumer-focused global investment firm L Catterton has invested an undisclosed amount in Temasek-backed Haldiram Snacks Food Pvt. Ltd and entered into a strategic partnership, as private equity interest in India’s snacks and packaged foods sector continues to rise.

time to read

1 min

December 19, 2025

Mint Hyderabad

Mint Hyderabad

Accenture AI revenue tops $1 bn in Sep-Nov

The firm said it will stop disclosing standalone AI revenue going forward

time to read

2 mins

December 19, 2025

Mint Hyderabad

JSW Energy to raise project capacity

JSW Energy on Thursday announced plans to double the capacity of its Salboni thermal power project in West Bengal to 3,200MW, with the total investment expected to rise to around ₹40,000 crore, marking one of the largest private-sector power investments in the state.

time to read

1 min

December 19, 2025

Mint Hyderabad

Mitsui to bet on AM Green's clean push

Backed by the founders of Greenko, AM Green has signed a memorandum of understanding with Japan’s Mitsui & Co. for strategic collaboration on energy transition initiatives and potential investment pathways in low-carbon aluminium, the company said in a statement on Thursday.

time to read

1 min

December 19, 2025

Mint Hyderabad

Mint Hyderabad

Cash-rich Bharti Airtel eyes zero debt as Vodafone Idea borrows to stay afloat

appointing Gopal Vittal as executive vice chairman and Shashwat Sharma as chief executive officer effective 1 January 2026, along with a string of other changes in top management.

time to read

3 mins

December 19, 2025

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