InterGlobe Aviation's (IndiGo) promoter -- Shobha Gangwal has sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions. The shares were sold in three bulk deal transactions.
As per data available on the BSE, as many as 3,841,121 shares were sold at a price of Rs 2,426.21 apiece, while 3,841,120 shares were offloaded twice at prices of Rs 2,440.92 and Rs 2,427.09, respectively. Together, the shares are worth Rs 2,801.79 crore. The total number of shares offloaded translates to around 2.9 per cent stake.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
