IndiGo Stake Sale Aims to Raise $1B Amid Market Turmoil

  Published 1 year ago

IndiGo's promoter plans to sell a 4% stake via block deals to raise $1B amid market volatility after the Air India crash.

  • Interglobe owns 35.71% in IndiGo, aims to offload a 4% stake through block deals to raise $1 billion.
  • Co-founder Rakesh Gangwal sold a 5.7% stake worth $1.36B in May via a similar method.
  • Shares fell after the Air India crash killed over 240 near Ahmedabad, affecting market sentiment.

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