Stay updated with breaking news from Indigo stake sale. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Indigo's Rakesh Gangwal Likely Seller As 6.7% Equity Worth Rs 7,825 Cr Change Hands news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.
HDFC Bank, Hindalco, Grasim, Bajaj Finance, Britannia, IndusInd Bank, Eicher Motors, Tata Steel, HDFC Life, ICICI Bank, and Tata Motors were the top losers in morning trade. ....
Indigo Airlines promoters, the Gangwal family, are selling $450 million worth of shares in a block deal through bankers Morgan Stanley, JPMorgan, and Goldman Sachs. The family is offering 5.6% of its shares at a floor price of INR 2,400 ($32.27) per share. Indigo had a net profit of INR 3,090 crore ($414.98 million) in Q1, with a revenue of INR 17,160 crore ($2.30 billion). At the end of June, it had a fleet of 316 aircraft and a 36.66% stake held by the Gangwal family. ....