Rakesh Gangwal, wife sell 2.7% stake in InterGlobe Aviation for Rs 2,005 cr
IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions.
Gangwal had resigned from the board of directors of the company in February 2022, stating that he will gradually reduce his equity stake over the next five years.
Gangwal along with Rahul Bhatia co-founded the low-cost carrier IndiGo airlines.
According to the bulk deal data available with the National Stock Exchange (NSE), Gangwal and his wife Shobha Gangwal sold a total of 1.05 crore shares, amounting to 2.74 per cent stake in the company.
