Interglobe Aviation

Rakesh Gangwal, family trust sells 5.83% stake in IndiGo for Rs 10,500 cr

InterGlobe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per cent shareholding for about Rs 10,500 crore. A total of 2.25 crore shares or 5.83 per cent holding in InterGlobe Aviation were sold by Gangwal and Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware. In two separate regulatory filings, Rakesh Gangwal sold 22.50 lakh shares of InterGlobe Aviation and the Chinkerpoo Family Trust disposed of more than 2.02 crore scrips of the airline. After the share sale, Gangwal's stake in InterGlobe Aviation has come down to 5.31 per cent from 5.89 per cent, while the Chinkerpoo Family Trust's stake has declined to 8.24 per cent from 13.49 per cent, the filing said. Also, the combined shareholding of Gangwal and Chinkerpoo Family Trust has reduced to 13.55 per cent from 19.38 per cent. On Thursday, Gangwal's family trust sold a 5.24 per cent stake in the airline for

IndiGo block deal: Nearly 23 mn shares change hands; Gangwal likely seller

IndiGo block deal news: A total of 25.73 million shares of InterGlobe Aviation have been traded so far on the bourses on the NSE and BSE

Valuations reflecting multiple positives for airlines major IndiGo

India is a very underpenetrated aviation market, which means a strong growth outlook

Co-founder Rakesh Gangwal to further pare down his stake in IndiGo

3.8 per cent stake for Rs 7.1k crore on sale via block deals: Sources

IndiGo soars 9% in 2 days, hits record high on Jefferies' 'Buy' upgrade

IndiGo share price today: Jefferies bull case pegs IndiGo's share price target price at Rs 5,800, suggesting a likely upside of 29.4 per cent from current levels

Here's why Kotak Institutional Equities thinks IndiGo stock may rerate

Kotak Institutional Equities has a 'Buy' rating on the stock with a target price of Rs 5,400, suggesting 28 per cent upside from current levels

IndiGo to introduce flights to 7 new global destinations by end of FY25

IndiGo airlines currently operates more than 2,000 flights daily, connecting around 120 destinations, including 33 international cities

Why did IndiGo share price fall 5% post Q1 2024-25 results? Read here

IndiGo share price target: Brokerages have mixed rating on IndiGo stock with ICICI Securities maintaining 'Buy' (unchanged target price of Rs 5,265)

IndiGo Q1 FY25 results: Net profit declines 11.7% to Rs 2,728.8 crore

The airline's chief financial officer Gaurav Negi said that about 70 IndiGo planes are currently grounded

IndiGo Airlines fined $5,832.60 for late payment by US customs

IndiGo reportedly received the intimation about the penalty from the US authority on 24 July, and is currently exploring the possibility of a waiver of the penalty

IndiGo Q1FY25 results today: Will it report profit or loss? Read preview

IndiGo Q1FY25 result preview: : InterGlobe Aviation-owned IndiGo Airlines may report lower profit on yearly basis due to high base of last year and low air traffic amid Delhi T1 roof collapse crisis

InterGlobe Aviation to receive compensation from P&W for engine issues

InterGlobe Aviation -- the parent company of no-frills carrier IndiGo -- on Friday said it will receive a "customised" compensation from aircraft engine maker Pratt & Whitney's affiliate firm International Aero Engine (IAE) for grounded aircraft. "On June 14, 2024, InterGlobe Aviation Ltd finalized an amendment to the existing agreement with International Aero Engines, LLC, an affiliate of Pratt & Whitney pursuant to which IAE will provide IndiGo with a customized compensation in relation to the ongoing situation of aircraft on ground due to unavailability of engines," InterGlobe Aviation said in a regulatory filing. The company, however, did not give the amount of compensation. A good number of IndiGo aircraft are grounded amid supply chain and engine issues. In February, the airline had said the number of aircraft on ground was in the mid-70s. The Gurugram-based budget carrier airline is the only profit-making domestic carrier. It reported more than doubling of profit after .

IndiGo shares fall over 4% after 11 mn shares change hands via block deal

IndiGo block deal: Reports suggest Rahul Bhatia-led InterGlobe Enterprises was the likely seller of its 2 per cent stake

Stocks to Watch, June 11: IndiGo, Siemens India, PTC Industries, APL Apollo

Stocks to Watch today: Rahul Bhatia's promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in IndiGo Airlines through a block deal on Tuesday

InterGlobe Aviation stock hits an air-pocket in Jan-Mar quarter of FY24

The airline has added more domestic routes, totalling 400 across 88 destinations and added more international routes, totalling 100 across 33 international destinations

IndiGo stock strategy: Up to 18% upside seen post Q4; check target prices

IndiGo share price: IndiGo has announced a plan to launch a tailor-made business product for India's busiest and business routes

IndiGo Q4 preview: Stock hits record high ahead of nos; what to expect?

IndiGo Q4 results: Analysts expect robust demand, and lower competitive intensity to aid Q4Fy24 earnings

Steady, dependable: Why analysts think IndiGo is Rahul Dravid of aviation

IndiGo stock strategy: Given the run, analysts say IndiGo stock prices in most positives at the current levels

Experts call IndiGo stock 'Rahul Dravid' Should you invest now

IndiGo places first-ever widebody aircraft order for 30 Airbus A350 jets

Such a deal would be worth more than $9 billion, as per the last catalogue rates published in 2018