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Gangwal, family trust offload 5.72% in IndiGo for ₹11,564 cr
Financial Express Kochi
|May 28, 2025
INTERGLOBE AVIATION PROMOTER Rakesh Gangwal and his family trust on Tuesday trimmed their holdings by divesting a 5.72% stake in the airline for ₹11,564 crore through open market transactions.
A total of 22.1 million equity shares were offloaded by Gangwal and his family trust, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, as per the bulk deal data on the NSE.
According to the data, Rakesh Gangwal sold 2.21 million shares, or 0.6% stake, in InterGlobe Aviation.
In addition, the Chinkerpoo Family Trust disposed of nearly 19.9 million shares in three tranches, representing a 5.15% holding in Gurugram-based InterGlobe Aviation.
The shares offloaded in the price range of ₹5,230.99-5,235.31 apiece, taking the combined transaction value to ₹11,563.79 crore.
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