Finance

IndiGo co-founder to raise $450 million via block trade

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IndiGo co-founder to raise $450 million via block trade

One of the co-founders of Interglobe Aviation, (parent of IndiGo), Rakesh Gangwal is planning to raise $450 million via a block trade in the ongoing stake reduction exercise of the co-founder of Indigo Airlines, reports Moneycontrol. In September 2022, the family sold a tranche of 2.8% worth INR 20b...

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