Page 8 - Interglobe Aviation

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Rakesh, Shobha Gangwal may pare up to 8% stake in IndiGo; shares dip 2%

According to reports, Rakesh and his wife Shobha Gangwal may sell 5-8 per cent stake in the airline next month for up to Rs 7,000 crore

Analysts see upto 38% upside in IndiGo; suggest tracking costs, airfare cap

Reports suggest that a parliamentary panel has summoned private airlines to discuss rising airfares

IndiGo posts Rs 919 crore net profit, its best-fourth quarter ever

Expenses in the quarter increased to Rs 13,680 crore due to a rise in fuel and maintenance costs

IndiGo reports net profit of Rs 919.2 crore in Q4FY23, revenue up 76%

In the whole year, 2022-23, IndiGo reported a net loss of Rs 305.80 crore

InterGlobe Aviation nears record high; stock surges 20% in one month

IndiGo remains well placed to benefit from strong systemic demand and its leading competitive positioning, analysts said

IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy

Shares of InterGlobe Aviation, which runs the country's largest airline IndiGo, hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE.

Amid record aircraft orders, aviation remains a long-term play: Analysts

A linear profit growth is unlikely for the Indian aviation players as high oil prices hit the industry every two-three years

Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr

Sources say the stake put on the block belongs to Gangwal family, which currently holds over 20% in the airline

IndiGo Q3: Focus on international destinations lifts outlook, say analysts

IndiGo's international business during the quarter stood at 105 per cent compared to pre-Covid levels

IndiGo flies back in green, Q3 net soars 1,000% to a record Rs 1,422 cr

Record Rs 1,422-cr quarterly profit comes on the back of best-ever revenue

India's IndiGo seeks partnerships to expand international network

The airline's international capacity is already at 105% of pre COVID levels and it plans to grow this further in 2023, Pieter Elbers told analysts in a results call

IndiGo Q3 preview: Airline to turn profitable amid healthy traffic, low ATF

The domestic air traffic capacity reached close to full capacity in Q3, while a pick up in international commercial flights provided the much needed relief to the aviation industry

Long-overdue brand reboot aims to rescue Air India's battered image

While Air India remains a high-profile operator in one of the world's biggest aviation markets, customer complaints about a decline in standards have hurt its reputation

Blue Dart Express' volume growth momentum likely to sustain in FY23

Margin levels could see an improvement on higher volumes, price hike

SpiceJet tanks 4% as airline sends 80 pilots on Leave Without Pay

The low-cost airline has been reporting losses for the past four years and is operating less than 50 per cent flights, following the July 27 DGCA order in the wake of mishaps.

Rakesh Gangwal, wife sell 2.7% stake in InterGlobe Aviation for Rs 2,005 cr

IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions. Gangwal had resigned from the board of directors of the company in February 2022, stating that he will gradually reduce his equity stake over the next five years. Gangwal along with Rahul Bhatia co-founded the low-cost carrier IndiGo airlines. According to the bulk deal data available with the National Stock Exchange (NSE), Gangwal and his wife Shobha Gangwal sold a total of 1.05 crore shares, amounting to 2.74 per cent stake in the company. The shares were sold in the range of Rs 1,886.47 - Rs 1,901.34 apiece, valuing the transaction at Rs 2,004.77 crore. As of June quarter, Gangwal and his family owned 36.61 per cent stake in the low-cost carrier, where Gangwal and his wife held 14.6 per cent and 8.39 per cent stake, respectively, while the rest of the balance is held by Chinkerpoo Family .

InterGlobe Aviation dips 5% on news of partial stake sale by Rakesh Gangwal

Till 09:26 am; around 19.67 million equity shares, representing 5.1 per cent of the airline's total equity, changed hands on the NSE and BSE.

Gangwal may sell up to 2.8% in IndiGo Airlines for Rs 2,000 cr: Sources

Stake sale being brokered by three investment banks, says another source; Gangwal and his group currently own 36.6% in InterGlobe Aviation, Bhatia's camp owns 38.17%

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