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IndiGo clears issuance of 33.6 mn equity shares to institutional buyers

As of June 30, Gangwal and Chinkerpoo Family Trust owned 16.83 percent and 15.59 percent stakes in the co

Reuters 

IndiGo
IndiGo

Ltd, the owner of airlines, said its board had approved issuance of equity shares up to 33.6 million to qualified

The placement includes issue of fresh equity shares of up to 22.4 million and offer for sale of up to 11.2 million shares by promoters, including Rakesh Gangwal and Chinkerpoo Family Trust, said in a stock exchange filing. 

As of June 30, Gangwal and Chinkerpoo Family Trust owned 16.83 percent and 15.59 percent stakes in the company respectively, Thomson Reuters data showed.

shares, which closed at 1,215.95 rupees on Monday, has risen 48 pct this year.

First Published: Tue, September 12 2017. 10:12 IST
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