Rakesh Gangwal Sells 5.24% IndiGo Stake for Rs 9,549 Crore
Rakesh Gangwal's family trust sold a 5.24% stake in IndiGo for Rs 9,549 crore through open market transactions. The shares were offloaded in three tranches with a price per share between Rs 4,714.95 and Rs 4,715.89.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 29 (PTI) InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.
Rakesh Gangwal's Chinkerpoo Family Trust offloaded more than 2.02 crore shares of IndiGo amounting to a 5.24 per cent stake, according to bulk deal data on BSE.
The shares were offloaded in three tranches, with the price per share varying between Rs 4,714.95 and 4,715.89, taking the combined transaction value to Rs 9,548.95 crore.
Rakesh Gangwal's Chinkerpoo Family Trust offloaded more than 2.02 crore shares of IndiGo amounting to a 5.24 per cent stake, according to bulk deal data on BSE.
The shares were offloaded in three tranches, with the price per share varying between Rs 4,714.95 and 4,715.89, taking the combined transaction value to Rs 9,548.95 crore.
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