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Maroc Maroc - Times of India - Business - 29/Aug 13:16

IndiGo co-founder Rakesh Gangwal's family trust sells big stake in airline

Rakesh Gangwal, co-founder of IndiGo Airlines, has sold 30% of his stake in InterGlobe Aviation, raising $1.3 billion through a block deal. The shares were sold at Rs 4,714.90 each following IndiGo's stock hitting a record high. Gangwal announced plans to reduce his holdings after resigning from the airline's board in February 2022.

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