Key Points
The family of IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday...
Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday's close..
Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data...
Earlier in February, Shobha Gangwal sold 1.56 crore shares totalling 3.7% equity through block deals..
Following a feud with co-promoter Rahul Bhatia, Rakesh Gangwal had last year announced to reduce stake in the company gradually, besides stepping down from the board...
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