Rakesh Gangwal, co-founder of Indian carrier IndiGo, has sold a 5.8% stake in operator Interglobe Aviation via bulk deals on Monday, stock exchange data showed.
Rakesh Gangwal, co-founder of Indian airline IndiGo, sold a 5.8% stake worth $820.3 million in operator Interglobe Aviation via bulk deals on Monday.
Gangwal, who held ..
InterGlobe Aviation s promoter Rakesh Gangwal on Monday sold shares worth Rs 6,785 crore of the company through open market transactions.
The co-founder of the company, which operates the country s largest airline IndiGo, offloaded 2.25 crore shares of IndiGo amounting to 5.83 per cent stake, according to bulk deal data on BSE.
Rakesh Gangwal mops up Rs 6,786 crore from 6% stake sale in Indigo business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Based on the OI percentage, 61 stocks were on the short-covering list. These include Hindalco Industries, Cholamandalam Investment & Finance, Bajaj Finance, Berger Paints, and Asian Paints.