pil wars substantially air cares response interglobe restrictions delhis stake govt founder share prime alumnus house court international pmo zetwerks initiative sangam website sciences official aanchal minister shyam gangwal

Articles for Gangwal

IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline
1 month, 3 weeks ago

IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline

Live Mint  

Rakesh Gangwal, the co-founder of IndiGo, has left the airline industry after a significant disagreement over corporate governance issues. Gangwal's decision to sell off his stake in IndiGo has raised concerns about the future direction of the airline. Despite facing challenges from the pandemic, IndiGo has been able to maintain its position as a low-cost airline in India. Gangwal's acquisition …

Entertainment Business Law Technology Kolkata
IndiGo founder Rakesh Gangwal's $795 million block sale: Effect on share prices
9 months, 1 week ago

IndiGo founder Rakesh Gangwal's $795 million block sale: Effect on share prices

Hindustan Times  

Rakesh Gangwal, co-founder of IndiGo, India’s biggest airline, is seeking to raise up to $795 million from selling his stock. This would mark the largest block sale in the country since 2019 as Rakesh Gangwal is offering as many as 22.5 million shares of InterGlobe Aviation Ltd., owner of Indigo, at a floor price of 2,925 rupees each, it was …

Crore Cent Indigo Rakesh Interglobe Aviation Gangwal Rakesh Gangwal
Rakesh Gangwal likely to sell shares in IndiGo
9 months, 2 weeks ago

Rakesh Gangwal likely to sell shares in IndiGo

The Hindu  

“InterGlobe Aviation’s promoter Rakesh Gangwal is likely to sell more than a 3% stake in the company through open market transactions,” according to sources. As of December 2023, promoters' of InterGlobe Aviation owned a 63.13% stake in the company and Mr. Gangwal had an 11.72% shareholding. The Chinkerpoo Family Trust, whose trustee is Shobha Gangwal and JP Morgan Trust Company …

Interglobe Aviation Gangwal Rakesh Gangwal
Indigo promoter Rakesh Gangwal invests ₹165 crore in Zetwerk
9 months, 2 weeks ago

Indigo promoter Rakesh Gangwal invests ₹165 crore in Zetwerk

Hindustan Times  

Unicorn startup Zetwerk announced on Thursday that it secured a ₹165 crore investment from Rakesh Gangwal, the promoter of Indigo Airlines. The company expressed its enthusiasm about Gangwal's strategic guidance, leveraging his extensive experience to propel Zetwerk towards becoming a generational company. Gangwal to sell airline's shares worth ₹ 3,730 crore In other news, Rakesh Gangwal is set to divest …

Crore Indigo Interglobe Gangwal Rakesh Gangwal Zetwerk
IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation
9 months, 2 weeks ago

IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation

Live Mint  

Mumbai: IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd, through a block deal, according to a term sheet reviewed by Mint. The sale, estimated to be worth ₹3,730 crore, will see the offer floor price set at ₹2,925 per share, a 5.8% discount to the last closing …

Stake Interglobe Aviation Gangwal Rakesh Gangwal
Stocks to Watch: TCS, Tata Motors, IDBI Bank, SpiceJet, Adani Enterprises
1 year, 2 months ago

Stocks to Watch: TCS, Tata Motors, IDBI Bank, SpiceJet, Adani Enterprises

Live Mint  

Here are the top stocks that could be in focus in today's trade: TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. Tata Motors: Tata Motors Ltd sold a 9.9% stake in Tata Technologies …

Mumbai Bank Company Crore Tata Ioc Ntpc
What is circular economy and how did 2 IIT grads get there
1 year, 4 months ago

What is circular economy and how did 2 IIT grads get there

The Hindu  

Shashwat Gangwal and Keshav Godala used to order in food frequently as IIT-Kharagpur students. “And Swiggy and Zomato were just entering our campus.” While food delivery made life better for these friends, disposable plastic containers piled up on the side. Mr. Gangwal and Mr. Godala attempted to solve this, and the result was InfinityBox, a Bengaluru-based packaging-as-a-service start-up which offers …

Food India Economy Bengaluru Kids Products Food Delivery
Stocks to Watch: Indigo, Zee Entertainment, Airtel, TCS, Maruti Suzuki, Mindtree
2 years, 3 months ago

Stocks to Watch: Indigo, Zee Entertainment, Airtel, TCS, Maruti Suzuki, Mindtree

Live Mint  

Here is the list of top 10 stocks that will be in focus today InterGlobe Aviation: Rakesh Gangwal, the co-founder of India’s biggest airline, IndiGo, will sell up to a 2.8% stake in Interglobe Aviation Ltd through a block deal that will fetch him at least $250 million, according to deal terms reviewed by Mint. Bharti Airtel promoter Bharti Telecom …

Market Maruti Suzuki Company Share Crore Cent Bharti Airtel
Gangwal to sell Indigo stake for $250m
2 years, 3 months ago

Gangwal to sell Indigo stake for $250m

Live Mint  

MUMBAI/NEW DELHI : Rakesh Gangwal, co-founder of India’s biggest airline, IndiGo, will sell up to a 2.8% stake in Interglobe Aviation Ltd through a block deal that will fetch him at least $250 million, according to deal terms reviewed by Mint. The selling shareholders include Rakesh Gangwal, Shobha Gangwal and The Chinkerpoo Family Trust, collectively the Rakesh Gangwal promoter group, …

India Share Airline Indigo Stake Rakesh Gangwal
Will buy IndiGo stake only from Bhatia: Al Baker
2 years, 6 months ago

Will buy IndiGo stake only from Bhatia: Al Baker

The Hindu  

Qatar 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 …

Bhatia Doha Interglobe Buy Indigo Mr Gangwal
Rakesh Gangwal steps down from IndiGo parent company’s board
2 years, 10 months ago

Rakesh Gangwal steps down from IndiGo parent company’s board

The Hindu  

IndiGo's co-promoter Rakesh Gangwal on Friday resigned from the board of directors of the parent company, InterGlobe Aviation Ltd., and said he would be gradually reducing his equity stake in the company over the next five years. Accordingly, my current intention is to slowly reduce my equity stake in the company over the next five-plus years, though future events may …

Board Company Indigo Gangwal Rakesh Gangwal
IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration
3 years, 2 months ago

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration

Business Standard  

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares Premium Last year, the resolution, proposed by Rakesh Gangwal to amend the company’s Art­icles of Association, was defeated by the shareholders. Arindam Majumder New …

London Bhatia Indigo Gangwal Rakesh Gangwal
Aanchal Gangwal, a tea seller's daughter from MP, is now an IAF flying officer
4 years, 6 months ago

Aanchal Gangwal, a tea seller's daughter from MP, is now an IAF flying officer

Op India  

Aanchal Gangwal, the daughter of a tea seller from a small district in Madhya Pradesh is now a flying officer of the Indian Air force. Aanchal Gangwal awarded the President’s Plaque The event which began at 8.45 am on June 20, saw as many as 123 air warriors being commissioned by the Indian Air Force. Fg Offr Anurag Nain was …

Air Iaf Madhya Pradesh Flying Aanchal Gangwal Awarded