IndiGo Co-founder Sells $1.4B Stake

Published 10 months ago

IndiGo co-founder Rakesh Gangwal is selling up to a 5.7% stake (~$1.4 billion) in the airline via a block deal. The sale led by major banks is at a 4.5% discount to Monday’s closing price.

Gangwal currently holds 13.5% of IndiGo shares.
Up to 22 million shares are being offered.
Deal size increased from the initial $803 million.

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