Rakesh Gangwal to sell 3.1% IndiGo stake via Rs 7,027 crore block deal
IndiGo co-founder Rakesh Gangwal and the Chinkerpoo Family Trust plan to sell a 3.1 per cent stake in InterGlobe Aviation Ltd, which operates IndiGo, through a block deal worth about ₹7,027 crore, according to a CNBC-TV18 report.
The shares are being offered at a floor price of ₹5,808 apiece, deal terms showed. This is at a nearly 4 per cent discount to the company’s closing price of ₹6,044.75 on Tuesday. The sellers have agreed to a 150-day lock-up period on any further share sale.
