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Impending stake sale by Rakesh Gangwal, slowing earning trajectory likely to weigh on Indigo's stock price The impending stake sale by Indigo ex promoter Rakesh Gangwal besides slowing earning trajectory in 2Q is likely to weigh on Indigo's stock price, JM Financial Institutional Securities said in a report. Indigo's ex promoter Rakesh Gangwal sold 5 per cent stake in the company via a block deal. This is in line with his strategy to reduce stake in the company over the coming years. Gangwal's stake post the recent sale stands at 25 per cent. Passenger traffic for the aviation...
Impending stake sale by Rakesh Gangwal, slowing earning trajectory likely to weigh on Indigo's stock price
Impending stake sale by Rakesh Gangwal, slowing earning trajectory likely to weigh on Indigo's stock price
Source: IANS
17/08/2023 12:38:25 PM
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million Shares of Interglobe Aviation dropped 3.2% in early trade on Wednesday, a day after a report said the family of IndiGo's co-founder Rakesh Gangwal would sell shares worth up to $450 million via a block deal. IndiGo did not respond to a Reuters request for comment.
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million
Source: Reuters
16/08/2023 9:30:40 AM
IndiGo co-founder's family likely to sell stake upto $909.58 million - report 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. ($1 = 82.4560 Indian rupees)
IndiGo co-founder's family likely to sell stake upto $909.58 million - report
IndiGo co-founder's family likely to sell stake upto $909.58 million - report
Source: Reuters
12/06/2023 11:31:27 AM
InterGlobe Aviation shares decline after co-founder Rakesh Gangwal resigns Shares of Interglobe Aviation, which runs low-cost airline IndiGo, declined on Monday after the companys co-founder resigned late last week. The shares of the airline settled at Rs 2,079 on Monday, down 1.8 per cent from its previous close. In early trade, it fell as low as 4 per cent, data showed. Through a regulatory filing on Friday after the market hours, the airline said its non-executive, non-independent director and co-founder Rakesh Gangwal has tendered resignation from the comp...
InterGlobe Aviation shares decline after co-founder Rakesh Gangwal resigns
InterGlobe Aviation shares decline after co-founder Rakesh Gangwal resigns
Source: IANS
22/02/2022 9:24:27 AM