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Rakesh Gangwal to sell $803 mn IndiGo stake in block deal today
Mint Ahmedabad
|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.
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