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HomeEconomyIndia's Indigo down on report co-founder's family to sell stake of up to $450 million

India’s Indigo down on report co-founder’s family to sell stake of up to $450 million

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(Reuters) – Shares of Interglobe Aviation dropped 3.2% in early trade on Wednesday, a day after a report said the family of IndiGo’s co-founder Rakesh Gangwal would sell shares worth up to $450 million via a block deal.

IndiGo did not respond to a Reuters request for comment.

(Reporting by Ashna Teresa Britto; Editing by Nivedita Bhattacharjee)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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