New Delhi, Aug. 28 -- IndiGo co-founder Rakesh Gangwal and the Chinkerpoo Family Trust plan to offload a 3.1% stake through a Rs.7,027 crore block deal at a 4% discount, while agreeing to a 150-day lock-up period as Gangwal continues his phased exit, according to reports.

The company has entered into a joint venture with Texmaco Rail & Engineering to execute projects in the railway and related infrastructure sectors. Under the proposed arrangement, RVNL will hold a 51% stake, while Texmaco Rail will own 49%.

Tata Steel has invested Rs.3,100 crore to purchase shares in its Singapore-based subsidiary, T Steel Holdings Pte Ltd.

The pharmaceutical company obtained an interim stay from the Telangana High Court on the income tax reassessment...