IndiGo co-founder’s family likely to sell stake worth up to $909.6 mn
The family of IndiGo’s co-founder Rakesh Gangwal is likely to sell between 5-8% stake in the Indian airline’s parent InterGlobe Aviation Ltd, worth up to Rs 7,500 crore ($909.58 million), CNBC Awaaz said in a report, citing sources.
Rakesh Gangwal and his wife, Shobha Gangwal, hold 13.23% and 2.99% respectively in InterGlobe as of March 31, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.
The Gangwal family will likely sell stake in block deals when the lock in for shares open on July 15, the report said.
