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IndiGo Co-Founder Rakesh Gangwal Offloads Shares Worth Rs 6,785 Cr in Interglobe Aviation in Bulk Deal

Rakesh Gangwal owned 11.72 percent of Interglobe Aviation in December 2023.

Rakesh Gangwal, co-founder of IndiGo operator Interglobe Aviation, sold 2.25 crore equity shares, or 5.82 percent stake, at an average price of Rs 3,015.88 on March 11. Gangwal held a 11.72 percent stake in the company as of December 2023. Morgan Stanley Asia PTE picked up 21 lakh shares, a 0.54 percent stake at Rs 3015.1 per share. Shares of Interglobe Aviation surged 3.52 percent to Rs 3,215.1 on the NSE.

Promoter Patel Ashaben Vishnukumar sold 7 lakh shares or 2.85 percent stake in Praveg Ltd. Goldman Sachs India Equity Portfolio also picked up 5.34 lakh shares.

Praveg Ltd. rose 2.07% to Rs 921.65 on BSE.

At Rs 84.6 a share, Chanakya Opportunities Fund I bought 4.4 lakh Medico Remedies shares, or 0.53 percent.

NSE shares of Medico Remedies declined 1.06 percent to Rs 83.95.

At an average price of 275.09, NAV Capital Emerging Star Fund bought 15,000 Evans Electric shares, or 0.54 percent.

Evans Electric shares increased 4.99 percent to Rs 275.4 on BSE.

Quantum Growth Partners LLP purchased 96,000 Markolines Pavement Technologies shares at Rs 141.99, or 0.50 percent. At Rs 142 a share, investor Prakash Pai Perjae bought 1.16 lakh shares, or 0.60 percent.

On BSE, Markolines Pavement Technologies shares decreased 1.01 percent to Rs 142.

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Rakesh Gangwal, co-founder of IndiGo operator Interglobe Aviation, sold 2.25 crore equity shares, or 5.82 percent stake, at an average price of Rs 3,015.88 on March 11. Gangwal held a 11.72 percent stake in the company as of December 2023. Morgan Stanley Asia PTE picked up 21 lakh shares, a 0.54 percent stake at Rs 3015.1 per share. Shares of Interglobe Aviation surged 3.52 percent to Rs 3,215.1 on the NSE.

Rakesh Gangwal, co-founder of IndiGo operator Interglobe Aviation, sold 2.25 crore equity shares, or 5.82 percent stake, at an average price of Rs 3,015.88 on March 11. Gangwal held a 11.72 percent stake in the company as of December 2023. Morgan Stanley Asia PTE picked up 21 lakh shares, a 0.54 percent stake at Rs 3015.1 per share. Shares of Interglobe Aviation surged 3.52 percent to Rs 3,215.1 on the NSE.

Rakesh Gangwal, co-founder of IndiGo operator Interglobe Aviation, sold 2.25 crore equity shares, or 5.82 percent stake, at an average price of Rs 3,015.88 on March 11. Gangwal held a 11.72 percent stake in the company as of December 2023. Morgan Stanley Asia PTE picked up 21 lakh shares, a 0.54 percent stake at Rs 3015.1 per share. Shares of Interglobe Aviation surged 3.52 percent to Rs 3,215.1 on the NSE.

Rakesh Gangwal, co-founder of IndiGo operator Interglobe Aviation, sold 2.25 crore equity shares, or 5.82 percent stake, at an average price of Rs 3,015.88 on March 11. Gangwal held a 11.72 percent stake in the company as of December 2023. Morgan Stanley Asia PTE picked up 21 lakh shares, a 0.54 percent stake at Rs 3015.1 per share. Shares of Interglobe Aviation surged 3.52 percent to Rs 3,215.1 on the NSE.

Rakesh Gangwal, co-founder of IndiGo operator Interglobe Aviation, sold 2.25 crore equity shares, or 5.82 percent stake, at an average price of Rs 3,015.88 on March 11. Gangwal held a 11.72 percent stake in the company as of December 2023. Morgan Stanley Asia PTE picked up 21 lakh shares, a 0.54 percent stake at Rs 3015.1 per share. Shares of Interglobe Aviation surged 3.52 percent to Rs 3,215.1 on the NSE.