News > IndiGo shares climb 4% on bulk deals; seller is Rakesh Gangwal; who's the buyer?

IndiGo shares climb 4% on bulk deals; seller is Rakesh Gangwal; who's the buyer?

IndiGo's promoter and co-founder Rakesh Gangwal sold a cumulative 2.25 crore shares in three tranches. And, Morgan Stanley Asia (Singapore) Pte bought 21 crore shares. At the end of the December 2023 quarter, Gangwal and his family trust collectively owned around 25 per cent of InterGlobe Aviation. The co-founder had announced plans to dilute his family's stake after stepping down in February 2022 from the board.