News
IndiGo not aware of co-founder’s reported plan to cut equity in the LCC
June 14th 2023
Interglobe Aviation, the parent company of India’s largest airline by market share, IndiGo, has confirmed it had no knowledge of a potential sale of shares by co-founder and former director, Rakesh Gangwal. Read More » The company was responding to a request for information from India's BSW stock exchange after media reported Gangwal intended to sell between 5% and 8% of his Interglobe stock. “We would like to state the company has not received any such information nor has the company been made aware by the co-founder of an intention to sell a stake,” Interglobe Aviation company secretary and compliance officer, Sanjay Gupta, said in a letter to the stock exchange.
