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IndiGo co-founder Rakesh Gangwal plans to sell a 3.1% stake in the airline for about $801 million.
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.
The shares will be sold at a 4% discount to the current market price, reducing Gangwal's ownership to 4.71%.
This move is part of a phased exit strategy announced in 2022.
Despite a 20% drop in Q1 net profits, IndiGo remains optimistic about future growth, especially in international markets.
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El cofundador de IndiGo, Rakesh Gangwal, planea vender una participación del 3,1% en la aerolínea por unos 801 millones de dólares.