Business News›Prime›PRIMESHOTS›5 insights to start your day, featuring Rakesh Gangwal and his latest IndiGo stake sale
5 insights to start your day, featuring Rakesh Gangwal and his latest IndiGo stake sale
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![5 insights to start your day, featuring Rakesh Gangwal and his latest IndiGo stake sale](https://img.etimg.com/thumb/msid-102781355,width-1015,height-761,imgsize-3437081,resizemode-8/prime/primeshots/5-insights-to-start-your-day-featuring-rakesh-gangwal-and-his-latest-indigo-stake-sale.jpg)
Synopsis
In Primeshots today: Gangwal family pares stake in IndiGo; M&M’s lightweight tractors; taxing times for online gaming firms; India’s submarine program; and eyes on G-20 summit.
Deboarding IndiGo In the news. IndiGo shares fall around 4% as Rakesh Gangwal pares another 3% stake in the airline. Inside the news. The airline’s co-founder and promoter Gangwal had accused the second co-founder and promoter Rahul Bhatia of misgovernance through related-party transactions and said he will exit the company and sell his stake in tranches by 2025. Gangwal, who had 36.44% in the company, has since sold his stake thrice and made
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