Rakesh Gangwal
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.
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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".
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