Gangwal sells IndiGo shares worth ₹11,928 cr in block deal: Report

IndiGo Co-founder Rakesh Gangwal offloaded 2.26 crore shares of InterGlobe Aviation worth ₹11,928 crore through a block deal, CNBC-TV18 reported. Shares changed hands at an average price of ₹5,260.5 per share. The deal was initially valued at ₹6,831 crore but was later upsized to over ₹10,000 crore. Reportedly, Gangwal is likely to have further trimmed his stake in the company.

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