Rakesh Gangwal, family trust offload 5.72% stake in IndiGo worth Rs...

Dununu.com Dununu

Gesponsert

Rakesh Gangwal, family trust offload 5.72% stake in IndiGo worth Rs 11,564 crore

RSS Feed Business

Posted

90

Rakesh Gangwal and the Chinkerpoo Family Trust have further reduced their stake in IndiGo operator InterGlobe Aviation by 5.72%, garnering ₹11,564 crore through open market transactions. This sale, executed at ₹5,230.99-₹5,235.31 per share, decreases their combined ownership to 7.81%. These divestments align with Gangwal's plan to reduce his shareholding following disagreements with Rahul Bhatia regarding corporate governance since February 2022.

Read Full Article

Please log in to like, share and comment!

Shankar Pokharel instructs ANNFSU to enforce age limit for candidates

KATHMANDU: The CPN-UML has issued a directive to enforce a maximum age limit of 32 years for...

Von 0 9

India exempts Saudi Arabia's wealth fund from investment cap rules to boost capital inflows

India has exempted Saudi Arabia's Public Investment Fund (PIF) from certain foreign portfolio...

Von 0 10

Mumtaz: Rajesh Khanna's girl fans were jealous of me

Mumtaz revealed that working with Rajesh Khanna was unique, especially witnessing his massive...

Von 0 10

'No country backed India': Congress says BJP’s 'foreign policy failed' post-Operation Sindoor

Von 0 11

Implementation of budget starts today: Finance Minister Paudel

KATHMANDU: Finance Minister Bishnu Prasad Paudel has stated that he will give top priority to...

Von 0 11