Rakesh Gangwal, family trust likely to offload 3.4% stake in IndiGo...

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2025-05-26 14:34:10 -

Rakesh Gangwal, family trust likely to offload 3.4% stake in IndiGo for Rs 6,831 crore amid ongoing divestment

IndiGo co-founder Rakesh Gangwal and his family trust plan to sell up to 3.4% of their stake in the airline for approximately Rs 6,831 crore. This move follows Gangwal's earlier decision to reduce his holdings after a dispute with co-founder Rahul Bhatia. The sale, managed by Goldman Sachs, Morgan Stanley, and J.P. Morgan, involves 1.

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