IndiGo co-founder’s wife likely to sell 4% stake in airline worth Rs 2,930 crore
The wife of IndiGo’s co-founder is likely to sell a 4 per cent stake in the Indian carrier’s parent, InterGlobe Aviation Ltd, for Rs 2,930 crore ($353.8 million) through a block deal, CNBC-TV18 reported on Wednesday, citing sources.
The offer floor price for the sale by Shobha Gangwal, the wife of IndiGo co-founder Rakesh Gangwal, has been set at Rs 1,875 per share, the news channel reported.
The price is at a 5.6 per cent discount to InterGlobe’s closing price on Wednesday.
IndiGo did not respond to a Reuters request for comment, while Shobha Gangwal could not be immediately reached for comment.
