Rakesh Gangwal, family to sell shares worth USD 450 million in IndiGo
NEW DELHI: Rakesh Gangwal and family are likely to sell shares up to $450 million (Rs 3,735 crore) in Interglobe Aviation, parent company of IndiGo, through a block deal on Wednesday, as per sources familiar with the development.
The floor price for the sale by the Gangwals has been kept at Rs 2,400 apiece, about 6% lower than the current market price. IndiGo shares closed 1.30% higher at 2,547.50 apiece on the BSE on Monday.
