Tue, Mar 12, 2024
Rakesh Gangwal on Monday sold his 5.83 per cent stake, or 2.25 crore shares, worth Rs 6785 crore in InterGlobe Aviation. The share was priced at Rs 3016 in the deal.
More >
Tue, Feb 13, 2024
The Gangwal family has a 25.22 per cent stake in InterGlobe Aviation. InterGlobe Enterprises (the Bhatia Family) is the biggest stakeholder in the company with a 38.1 per cent stake. Westbridge Capital has a minority stake at 3.4 per cent. The Gangwal family sold its 4.5 per cent stake in the company on August 16, 2023. There was a lock-in period of 150 days for further stake sale, which ended today.
Tue, Jun 13, 2023
“We would like to state that the company has not received any such information nor has the company been made aware by the co-founder of their intention to sell their stake,” IndiGo said in its exchange filing on Tuesday.
Mon, Jun 12, 2023
The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5%-8% stake in the Indian airline's parent InterGlobe Aviation Ltd, worth upto 75 billion rupees ($909.58 million), CNBC Awaaz said in a report, citing sources.
Sat, Feb 18, 2023
IndiGo parent firm InterGlobe Aviation shares remain under pressure amid reports that co-founder Rakesh Gangwal’s wife Shobha Gangwal offloaded around 4 percent stake or 1.56 crore shares worth Rs 2,930 crore in India’s largest airlines by market share in a block deal.
Fri, Feb 18, 2022
One of the Co-founders of domestic airline company IndiGo, Rakesh Gangwal, has resigned from the board, its parent company Interglobe Aviation said in an exchange filing on Friday.
Tue, Aug 06, 2019
Rakesh Gangwal said that the AGM notice, along with the "unnamed sources"-planted "press reports that the Chairman has brokered peace and matters have been resolved, leaves a misleading and false impression that issues on RPTs and changes to the Articles have the support of both promoter groups".
Mon, Jul 15, 2019
IndiGo promoter Rahul Bhatia has hit back at co-promoter Rakesh Gangwal’s demand for more control, saying that he has played a more significant role and undertaken financial risks while Gangwal limited his own.
In a bid to counter co-promoter Gangwal`s recent allegations of "collapsing" corporate governance in the company, IGE, which is owned by Rahul Bhatia, has so far issued three statements in the past week.
Sun, Oct 09, 2016
The list has been topped by 60-year-old Gates who has a net worth of 81 billion dollars.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
