Rakesh Gangwal, family trust offload 5.72% stake in IndiGo worth Rs 11,564 crore

Rakesh Gangwal and the Chinkerpoo Family Trust have further reduced their stake in IndiGo operator InterGlobe Aviation by 5.72%, garnering ₹11,564 crore through open market transactions. This sale, executed at ₹5,230.99-₹5,235.31 per share, decreases their combined ownership to 7.81%. These divestments align with Gangwal's plan to reduce his shareholding following disagreements with Rahul Bhatia regarding corporate governance since February 2022.