Will buy IndiGo stake only from Bhatia: Al Baker
The HinduQatar Airways is not interested in buying a stake in IndiGo’s parent InterGlobe Aviation Ltd. from its co-promoter Rakesh Gangwal, who plans to sell his holdings in the budget Indian airline over the next five years, the Doha-based carrier’s CEO Akbar Al Baker said on Monday. “We will only buy something from Rahul, not from anyone else,” Mr. Al Baker told The Hindu on the sidelines of the International Air Transport Association’s Annual General Meeting in Doha. The comments make it clear that Mr. Al Baker, who has had an abiding interest in IndiGo, is not inclined to take advantage of the feud between the Indian airline’s two promoters, Rahul Bhatia and Rakesh Gangwal. In February, Mr. Gangwal resigned from InterGlobe’s board and said that he would be gradually offloading his stakes over the next five years.
History of this topic
IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline
Live Mint
Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 million
Live Mint
IndiGo founder Rakesh Gangwal's $795 million block sale: Effect on share prices
Hindustan TimesRakesh Gangwal likely to sell shares in IndiGo
The Hindu
IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation
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IndiGo: CEO Pieter Elbers Addresses Key Issues and Assures Passenger-Friendly Future
News 18
Gangwal to sell Indigo stake for $250m
Live MintRakesh Gangwal steps down from IndiGo parent company’s board
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