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IndiGo Block Deal: InterGlobe Aviation Drops Over 4% As 3.7% Equity Shares Change Hands

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Last Updated: February 16, 2023, 09:41 IST

According to a CNBC TV-18 report, 1.7 crore shares (4.4% equity) InterGlobe Aviation the parent company of IndiGo airlines, worth Rs 3,221 crore, changed hands via block deals on Thursday.

Indigo Shares Today

Back in September last year, Gangwal and his wife had divested a 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions.

Yesterday CNBC-TV18 had reported that the budget airline’s co-promoter Rakesh Gangwal’s wife Shobha Gangwal are likely to sell a 4 percent stake in the company via a block deal.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her …Read More

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