India  
 
NewsR.in

Rakesh Gangwal, family trust offload 5.72% stake in IndiGo worth Rs 11,564 crore

IndiaTimes Tuesday, 27 May 2025
Rakesh Gangwal and the Chinkerpoo Family Trust have further reduced their stake in IndiGo operator InterGlobe Aviation by 5.72%, garnering ₹11,564 crore through open market transactions. This sale, executed at ₹5,230.99-₹5,235.31 per share, decreases their combined ownership to 7.81%. These divestments align with Gangwal's plan to reduce his shareholding following disagreements with Rahul Bhatia regarding corporate governance since February 2022.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related news from verified sources

Rakesh Gangwal, family trust likely to offload 3.4% stake in IndiGo for Rs 6,831 crore amid ongoing divestment

 IndiGo co-founder Rakesh Gangwal and his family trust plan to sell up to 3.4% of their stake in the airline for approximately Rs 6,831 crore. This move follows...
IndiaTimes

IndiGo faces over Rs 2.76 crore in customs fines, airline to contest orders

 IndiGo faces penalties exceeding Rs 2.76 crore from customs authorities in Ahmedabad and Chennai, which the airline intends to challenge, asserting that all...
IndiaTimes