Gangwal family plans to sell IndiGo stake worth Rs. 3,730cr
Shortpedia
Content Team
Image Credit: NewsBytes
The Gangwal family, promoters of IndiGo, are set to sell shares worth Rs. 3,730 crore in a block deal on Wednesday. They have listed 15.6 million shares at a floor price of Rs 2,400 per share, marking a 5.8% reduction from Monday's closing price. Morgan Stanley, JPMorgan, and Goldman Sachs are the lenders involved in the deal.
