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Gangwal, family trust offload 5.7% stake in IndiGo for ₹11,564 cr
Business Standard
|May 28, 2025
Taking off
InterGlobe Aviation Ltd (IndiGo) cofounder Rakesh Gangwal and his family trust on Tuesday offloaded a 5.72 per cent stake in India's largest airline through a block deal worth ₹11,564 crore ($1.39 billion), according to exchange filings.
Gangwal and the Chinkerpoo Family Trust sold a combined 22.1 million shares at ₹5,232.5 each in one of the largest secondary-market transactions ever executed in India. The offering was upsized from an initial 13.2 million shares amid strong investor demand, people familiar with the matter said.
While the identities of the buyers were not disclosed, sources indicated that the shares were picked up by a mix of domestic mutual funds and long-only foreign funds.
Dit verhaal komt uit de May 28, 2025-editie van Business Standard.
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