IndiGo co-founder Rakesh Gangwal sells 5.8% stake worth $820m

IndiGo co-founder Rakesh Gangwal sells 5.8% stake worth $820m

The Rs3,010 crore IndiGo IPO, which closed on 29 October, was subscribed 6.14 times, as financial institutions and high networth individuals sought to tap the world’s fastest growing aviation market through the issue. Photo: Mint

Reuters

12 March, 2024

Rakesh Gangwal, co-founder of Indian airline IndiGo, sold a 5.8% stake worth $820.3 million in operator Interglobe Aviation via bulk deals on Monday.

IndiGoRakesh Gangwal

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