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.
source https://timesofindia.indiatimes.com/business/india-business/rakesh-gangwal-family-trust-offload-5-72-stake-in-indigo-worth-rs-11564-crore/articleshow/121444797.cms
source https://timesofindia.indiatimes.com/business/india-business/rakesh-gangwal-family-trust-offload-5-72-stake-in-indigo-worth-rs-11564-crore/articleshow/121444797.cms