IndiGo: Co-founder Rakesh Gangwal's family likely to sell stake worth up to Rs 7,500 crore
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.
Rakesh Gangwal resigned from the company's board in Feb. 2022 and had said that he would cut his stake in the airline over five years. Image Courtesy: Reuters.