Rakesh Gangwal

The floor price of the block is pegged at Rs 5,808 per share, which will be a 4% discount to last traded price, and the block is likely to be executed on August 28.

IndiGo’s record profits overshadowed by Gangwal’s stake sale, a signal to buy or a red flag?

Lifted by the Mahakumbh in Q4 and an extended wedding season, the airline saw 13% growth in available seat kilometres (ASK) and 21% growth in passengers

Rakesh Gangwal, family to sell up to 3.4 percent stake in IndiGo at a floor price of Rs 5,175 via block trades

Shares will be sold by Rakesh Gangwal and The Chinkerpoo Family Trust, who hold a 13.5 percent stake in the airline.

Southwest Airlines names aviation veteran Rakesh Gangwal as board chairperson

Last month, Southwest settled its boardroom feud with Elliott in a deal that allowed CEO Bob Jordan to retain his job by making bigger board-level concessions

Rakesh Gangwal buys $108 million of shares in Southwest Airlines

In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.

Analysts bullish on IndiGo even as Gangwal Family Trust trims stake

Analysts are of the view that IndiGo has a strong hold in the aviation market, which should keep its wings soaring higher

IndiGo block deal: Rakesh Gangwal likely exits, 6% stake sold for Rs 11,000 crore

Rakesh Gangwal's stake sale aligns with his plan to gradually reduce his holding in IndiGo, as announced after stepping down from InterGlobe Aviation's board in February 2022.

Southwest Air names aviation industry veteran Rakesh Gangwal to board

Rakesh Gangwal, 70, and his family once controlled almost 37% of the Indian airline group. His decision to team up with Rahul Bhatia to create IndiGo in 2005 led to the rise of Asia’s largest budget carrier

IndiGo co-founder Rakesh Gangwal likely to sell higher stake of 5.8%, looks to raise Rs 6,600 cr

Rakesh Gangwal and his family trust collectively own around 25 percent of Interglobe Aviation, according to the latest exchange data.

IndiGo co-founder Rakesh Gangwal looks to raise about $450 mn via block deal

The floor price for the block deal is set at Rs 2,925 per share, which is about 5.8 percent discount to closing price.

IndiGo promoter Rakesh Gangwal invests $20 million in B2B unicorn Zetwerk

Zetwerk was last valued at $2.8 billion and Gangwal will be investing through Wheelhouse Venture Capital and with that, he joins as a financial investor of the firm.

Rakesh Gangwal may offload another tranche of shares in IndiGo soon

The lock-in period for the Gangwals before they can further pare stake in IndiGo ends on February 13.

IndiGo's Rakesh Gangwal 'not interested' in debt-ridden SpiceJet

In addition, according to the banker, Gangwal is reportedly upset since the rumours "misguided" retail investors and is considering to request market regulator SEBI to probe into the matter.

IndiGo shares fly down 4.5% after Rs 4,837-cr share sale likely by Gangwal family

The Gangwal Family's ongoing stake reduction exercise began in September last year after Rakesh Gangwal stepped down from the board of Interglobe Aviation in February 2022.

Gangwal family launches mega $450mn block deal in Interglobe Aviation, biggest yet

Rakesh Gangwal stepped down from the board of Interglobe Aviation in February 2022 and the family holds a 29.72 per cent stake as per the latest stock exchange disclosures

Indigo co-founders are the wealthiest aviation billionaires in the world: report

As per the Hurun Global Rich List, IndiGo co-founders Rakesh Gangwal and Rahul Bhatia emerged as the wealthiest and second-wealthiest billionaires from the aviation industry.

Rakesh Gangwal's wife pares 4% stake in IndiGo for Rs 2,944 crore

According to the bulk deal data available with the BSE, Shobha Gangwal offloaded a total of 1.56 crore equity shares in three tranches, amounting to 4.04 per cent stake in the company.

Gangwal family to sell off 2.8% stake in InterGlobe Aviation through block deal

Morgan Stanley has listed 10.8 million shares belonging to the Gangwal family for sale for Rs 19.96 billion

Can IndiGo keep its flock together?

The quick turnaround of its planes once they land, a vital cog in Indigo’s low-cost model, depends crucially on its well-trained staff 

Indigo co-founder Rakesh Gangwal donates Rs 100 crore to IIT Kanpur

Beyond the government funding, the IITs, especially the older ones, are increasingly looking at industry support, donations from past students and endowments to accelerate their growth and achieve desired expansion.

Read the full text of Rakesh Gangwal on his resignation from IndiGo board

In the letter to the IndiGo board, Rakesh Gangwal said that his "intention is to gradually reduce" his stake in interGlobe "over the next 5 plus years".

IndiGo Director Rakesh Gangwal to reduce his stake over the next 5 years

Gangwal, an aviation industry veteran, owns 14.65 percent of InterGlobe and wife Shobha Gangwal 8.39 percent.

IndiGo's Rakesh Gangwal moves Delhi HC, seeks early enforcement of arbitration award: Report

Based on proceedings initiated by Rahul Bhatia-owned lnterGlobe Enterprises Private Limited, the London Court of International Arbitration had, on September 25, given the final award in the feud between the two IndiGo promoters.

Undisclosed related-party transactions: Interglobe settles case with Sebi, pays Rs 2.13 crore

Sebi, in its preliminary enquiry, reportedly found several RPTs between InterGlobe Enterprises and IndiGo that were not disclosed as per required procedures.

In pics | Seven Indian-Americans on 2020 Forbes list of 400 Richest People in America

Here are the seven Indian Indian Americans who have found their spot in the 2020 Forbes list of 400 Richest people in America.