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    INTERGLOBE AVIATION SHARE PRICE

    Gangwal sells 5.25% stake in InterGlobe for Rs 9,549 crore

    In February 2022, Rakesh Gangwal, co-founder of India's largest carrier, announced his decision to gradually reduce stake in the company and stepped down from the company's board. This decision followed a two-year-long bitter battle with co-promoter Rahul Bhatia.

    Gangwal family trust offloads 5.2% in IndiGo through Rs 8,400 crore block deal; Morgan Stanley buys stake

    Rakesh Gangwal, through his family Trust 'The Chinkerpoo' executed the deal at Rs 4,715 apiece. Meanwhile, Morgan Stanley picked up 28.54 lakh shares in the company under the deal.

    Stocks in news: RIL, IndiGo, PB Fintech, Vedanta, Tata Steel

    Stocks in News Today: Chinese multinational technology conglomerate Tencent is likely to sell 2.1% stake in PB Fintech via block deal at an estimated price of Rs 1,610 crore.

    Gangwal to sell shares worth $804 million in IndiGo

    Gangwal, along with his wife Shobha Gangwal and their family trust - who are all part of the promoter group - held nearly a 34% stake in the airline as of December last year.

    Rakesh Gangwal to sell $804 million worth IndiGo stake through block deal: Report

    Rakesh Gangwal, co-founder of InterGlobe Aviation, plans to sell up to $804 million in shares via a block deal, with a floor price of Rs 4,593 each, a 5.5% discount to the current market price. This move follows his previous stake reduction and Shobha Gangwal’s exit.

    Nifty at record high: Bharti Airtel, IndiGo among 317 stocks that hit 52-week highs

    Bharti Airtel and IndiGo stocks soared to new all-time highs on Wednesday, with Bharti Airtel reaching Rs 1,545.85 (up 1.5%) and IndiGo climbing to Rs 4,944.60 (up 4.2%). Other stocks hitting their 52-week highs include IEX, ICICI General Insurance, Indian Hotels, Lupin, MCX, and SBI Life Insurance Company.

    The Economic Times
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