Key Points
BENGALURU (Reuters) Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block deal, news channel CNBC-TV18 reported on Thursday, citing sources...
The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobes closing price on Thursday...
Their Chinkerpoo Family Trust still holds a 13.49% stake in Interglobe, and is the firms biggest shareholder after Bhatias Interglobe Enterprises.. ($1 = 82.6880 (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Shailesh Kuber)..
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