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HomeIndiaIndia's IndiGo founder Rakesh Gangwal to sell shares of airline worth $450...

India’s IndiGo founder Rakesh Gangwal to sell shares of airline worth $450 million, report says

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BENGALURU (Reuters) – Rakesh Gangwal, founder of Indian carrier IndiGo, will sell a stake worth up to 3.3% or 37.3 billion rupees ($451 million) in operator Interglobe Aviation through a block deal, news channel CNBC-TV18 reported on Thursday, citing sources.

($1 = 82.6880 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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

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