Rakesh Gangwal Family is poised to sell up to 3.1% stake in IndiGo, continuing their phased exit since 2022. The floor price is set at Rs 5,808 per share. They’ve already divested over 9% this year, raising over Rs 12,900 crore. IndiGo’s Q1 net profit fell 20% to Rs 2,176 crore due to higher fuel costs, despite revenue growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets