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flag IndiGo co-founder Rakesh Gangwal plans to sell a 3.1% stake in the airline for about $801 million.

flag Rakesh Gangwal, co-founder of IndiGo, plans to sell a 3.1% stake in the airline, or 12.1 million shares, valued at around $801 million. flag The shares will be sold at a 4% discount to the current market price, reducing Gangwal's ownership to 4.71%. flag This move is part of a phased exit strategy announced in 2022. flag Despite a 20% drop in Q1 net profits, IndiGo remains optimistic about future growth, especially in international markets.

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