Gangwal family likely to sell Rs 3,700-crore worth stake in IndiGo via block deals: Report
Promoter Rakesh Gangwal and entities are likely to sell a 3.3% stake in InterGlobe Aviation. The floor price for the sale has been fixed at Rs 2,925 a share, a discount of 6% to the current market price. Global investment banks JPMorgan Chase and Morgan Stanley are the brokers to the deal, reports said.
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