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Rakesh Gangwal sells IndiGo shares worth $1.35 billion
Mint Chennai
|May 28, 2025
Gangwal has been gradually reducing his stake in the airline after a settlement agreement with Rahul Bhatia
IndiGo co-founder and promoter Rakesh Gangwal sold shares worth $1.35 billion in the airline through a block deal on Tuesday, according to a term sheet accessed by Mint.
On Monday, Mint reported that Gangwal was expected to sell shares worth $803 million via a block deal. However, the transaction size has since grown, according to the latest term sheet reviewed by Mint.
Dit verhaal komt uit de May 28, 2025-editie van Mint Chennai.
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