IndiGo Airlines co-founder Rakesh Gangwal and his wife Shobha Gangwal sold 2.74 per cent stake in the airline brand’s parent company InterGlobe Aviation for Rs 2,005 crore this week. The Gangwals sold the stakes in open market transactions, according to the bulk deal data available with the National Stock Exchange (NSE). Earlier in February 2022, Gangwal had resigned from the board of directors of the company, and had said that he will gradually reduce his equity stake in the firm over the coming five years.
