InvestorQ : Do tell me about the stake sale that the Indigo promoters are planning?
Anamika Sodhani made post

Do tell me about the stake sale that the Indigo promoters are planning?

Answer
image
Angel dcosta answered.
3 weeks ago
Follow

The family office of Rakesh Gangwal, one of co-founders of IndiGo, will sell 2.8% in Interglobe Aviation on 08th September. Morgan Stanley will coordinate the sale by Gangwal. A total of 10.8 million shares worth Rs1,996 crore will be sold at a 6.5% discount to market price. Gangwal family holds 36.6% in Interglobe, and when Gangwal had stepped down from the board, he had agreed to exit his total stake in 5 years.

4 Views