The Gangwals are once again looking to pare their stakes in InterGlobe Enterprises, the parent of budget carrier IndiGo.
They could reportedly sell 5-8 per cent in a transaction that could be worth up to Rs 7,000 crore next month when the lock-in period for further sale ends.
News of the potential sale led to the shares of IndiGo crashing on the bourses on Monday. The budget carrier settled at Rs 2,411.05 — a drop of 2.06 per cent or Rs 50.75 over the previous close on the BSE.
