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“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 …

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

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

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 …

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 …

Gangwal to sell Indigo stake for $250m

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, …

Will buy IndiGo stake only from Bhatia: Al Baker

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 …

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 …