New Delhi, Aug. 28 -- IndiGo parent company InterGlobe Aviation share price fell as much as 4.30 per cent to Rs.5,771.50 apiece in Thursday's trading session after reports revealed that Rakesh Gangwal family offloaded 1.2 crore shares, amounting to a 3.13 per cent equity stake, via a block deal.
According to CNBC-TV18 report, the deal is estimated to be worth Rs.7,084.6 crore at a price of Rs.5,830 per share, though official confirmation is still awaited.
Earlier reports had suggested that the Gangwal family intended to sell up to a 3.1% stake in the airline through block deals, with a floor price set at Rs.5,808 per share.
The stake sale forms part of a phased divestment strategy first announced in 2022, when Rakesh Gangwal expressed ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.