IndiGo Block Deals: Gangwals Set To Sell 3.1% Stake Worth Rs 7,020 Crore

IndiGo Block Deals: Gangwals Set To Sell 3.1% Stake Worth Rs 7,020 Crore

The family of IndiGo co-founder Rakesh Gangwal is set to sell a 3.1% stake in InterGlobe Aviation

IndiGo Block Deal: Co-Founder Rakesh Gangwal, Promoter Arm To Offload Stake Worth Rs 7,028 Crore

InterGlobe Aviation Ltd.'s promoters will likely offload stake worth Rs 7,027.7 crore in a block deal, according to the term sheet accessed by NDTV Profit.The offer price for the issue has been set at Rs 5,808 per share, indicating a 4% discount to the previous closing price of Rs 6,050 apiece. Co-founder Rakesh Gangwal and the Chinkerpoo Family Trust will together offload up to 1.21 crore shares, representing 3.1% stake in the company that oper…