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Rakesh Gangwal News
IndiGo shares tumble on promoter reducing stake via block deal
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.
IndiGo co-founder Rakesh Gangwal resigns from board, to cut down stake
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.
Rakesh Gangwal letter on IndiGo resolution: Blow by blow rejoinders
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".
IndiGo promoter dispute: Gangwal limited financial risks, says Bhatia camp
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.
At IndiGo, IGE says Rakesh Gangwal limited his financial risks
Mon, Jul 15, 2019
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.
Five Indian-Americans among richest people in US: Forbes
Sun, Oct 09, 2016
The list has been topped by 60-year-old Gates who has a net worth of 81 billion dollars.