Market Update
Rakesh Gangwal, co-founder of India’s largest airline, IndiGo, has sold shares worth approximately ₹11,928 crore (~$1.4 billion) through a block deal, marking one of the largest promoter divestments in Indian aviation history. Despite the sheer scale of the transaction, IndiGo’s stock remained largely stable, a sign of investor confidence in the airline’s strong operating and financial performance.
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about 7 days ago