IndiGo Co-Founder Rakesh Gangwal to Sell $801 Million Stake, Reduces Holding Below 5% in Strategic Exit
In a landmark divestment move, Rakesh Gangwal, co-founder of India’s largest airline IndiGo, is set to offload a 3.1% stake in InterGlobe Aviation Ltd. through block deals worth approximately ₹7,028 crore ($801 million). The sale will bring Gangwal’s holding down to 4.71%, marking a significant milestone in his phased exit from the airline he co-founded…