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InterGlobe Aviation slips 5% after 4% equity changes hands via block deal

Rakesh Gangwal was set to pare his stake in IndiGo by a further 4 per cent via block deals on Thursday. The block deal was said to be for 1.56 crore shares worth Rs 2,930 crore

indigo, flights, aircraft, aviation
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Deepak Korgoankar Mumbai
Shares of InterGlobe Aviation, which runs IndiGo airlines, fell 5 per cent on the BSE in Thursday’s intra-day trade after over 4 per cent equity of the airline company changed hands via block deals.

At 09:15 am; around 16.08 million equity shares representing 4.17 per cent of total equity of InterGlobe Aviation had changed hands via a block deal on the BSE, the exchange data showed. The names of the buyers and sellers were not ascertained immediately.

As on December 31, 2022, co-promoter Rakesh Gangwal (13.24 per cent) and his wife Shobha Gangwal (7.04 per cent) collectively held

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First Published: Feb 16 2023 | 9:42 AM IST

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