Rakesh Gangwal
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IndiGo Co-Founder's Family Trust Sells 5.24% Stake In Airline For Rs 9,549 Crore
InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.
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IndiGo Co-Founder's Family To Sell Shares Worth Over 3,000 Crores: Report
The family of IndiGo's co-founder Rakesh Gangwal will sell operator Interglobe Aviation's shares worth over Rs 3,000 crores ($450 million) via a block deal on Wednesday, CNBC-TV18 reported on Tuesday, citing sources privy to the developments.
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Rakesh Gangwal, Wife Sell 2.74% Stake In Indigo's Parent Company For Rs 2,005 Crore
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.
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Indigo Co-founder Rakesh Gangwal Donates Rs 100 Crore To IIT Kanpur
"In an extraordinary gesture, our alumnus Mr Rakesh Gangwal, Co-Founder of IndiGo airlines has made one of the largest personal donations with a 100 crore contribution focused on supporting the School of Medical Sciences and Technology at IIT Kanpur," Director Abhay Karandikar tweeted
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IndiGo Co-Founder Rakesh Gangwal Resigns From Board, To Cut Down Stake
IndiGo co-founder Rakesh Gangwal has resigned from the board and is planning to cut his stake in the airline over the next five years, its parent InterGlobe Aviation said in an exchange filing on Friday.
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Billionaire Gautam Bhatia to Helm IndiGo After Surprise Swing to Profit
Rahul Bhatia, the billionaire co-founder of IndiGo, is taking on a newly-created executive position of managing director at the company
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IndiGo Shareholders Reject Changing Rules On Stock Sales
The co-founders have been involved in a bitter spat that stemmed from allegations of corporate governance violations.
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New Point Of Conflict Between IndiGo Co-Founders, Meeting On January 29
Gangwal, an American and aviation industry veteran who spent years in senior roles at United Airlines and U.S. Airways, and Bhatia, who runs things on the ground in India, each control stakes of slightly less than 40% in InterGlobe along with their respective families, giving them both a major say in the carrier's strategy.
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IndiGo Posts Rs 1,066 Crore Loss In September Quarter As Costs Surge
The results come against the backdrop of an escalating tussle between IndiGo co-founders Rakesh Gangwal and Rahul Bhatia over corporate governance issues.
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IndiGo Feud: Rahul Bhatia Seeks Arbitration In Dispute With Rakesh Gangwal
The IGE Group and the RG Group are promoters of the company, which has been named as a respondent, InterGlobe Aviation said. IndiGo said that it had been named as a respondent "as it is a party to the shareholders agreement".
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IndiGo Promoters' Feud: All Third Party Deals Clean, Says CEO
IndiGo is the country's largest private carrier with nearly 50 per cent market share on local routes.
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"Hope His Actions Will Speak Louder Than...": IndiGo Promoter vs Promoter
Amid the ongoing feud between the two, IndiGo co-promoter Rahul Bhatia on Tuesday said he hopes that Rakesh Gangwal's actions would speak louder than his words.
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In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders
Rakesh Gangwal now intends to support a move to expand the company's board to 10 directors at its annual general meeting scheduled for August 27, reversing his earlier stance.
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IndiGo Co-Founder Rakesh Gangwal Says Feud Still Unresolved
Rakesh Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for securities regulator to intervene.
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Rakesh Gangwal Won't Sell IndiGo Stake In Feud With Rahul Bhatia
"I am here for the long haul," Mr Gangwal, who has accused Mr Bhatia of corporate governance lapses told Bloomberg.
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IndiGo Co-Founder's Family Trust Sells 5.24% Stake In Airline For Rs 9,549 Crore
InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.
-
IndiGo Co-Founder's Family To Sell Shares Worth Over 3,000 Crores: Report
The family of IndiGo's co-founder Rakesh Gangwal will sell operator Interglobe Aviation's shares worth over Rs 3,000 crores ($450 million) via a block deal on Wednesday, CNBC-TV18 reported on Tuesday, citing sources privy to the developments.
-
Rakesh Gangwal, Wife Sell 2.74% Stake In Indigo's Parent Company For Rs 2,005 Crore
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.
-
Indigo Co-founder Rakesh Gangwal Donates Rs 100 Crore To IIT Kanpur
"In an extraordinary gesture, our alumnus Mr Rakesh Gangwal, Co-Founder of IndiGo airlines has made one of the largest personal donations with a 100 crore contribution focused on supporting the School of Medical Sciences and Technology at IIT Kanpur," Director Abhay Karandikar tweeted
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IndiGo Co-Founder Rakesh Gangwal Resigns From Board, To Cut Down Stake
IndiGo co-founder Rakesh Gangwal has resigned from the board and is planning to cut his stake in the airline over the next five years, its parent InterGlobe Aviation said in an exchange filing on Friday.
-
Billionaire Gautam Bhatia to Helm IndiGo After Surprise Swing to Profit
Rahul Bhatia, the billionaire co-founder of IndiGo, is taking on a newly-created executive position of managing director at the company
-
IndiGo Shareholders Reject Changing Rules On Stock Sales
The co-founders have been involved in a bitter spat that stemmed from allegations of corporate governance violations.
-
New Point Of Conflict Between IndiGo Co-Founders, Meeting On January 29
Gangwal, an American and aviation industry veteran who spent years in senior roles at United Airlines and U.S. Airways, and Bhatia, who runs things on the ground in India, each control stakes of slightly less than 40% in InterGlobe along with their respective families, giving them both a major say in the carrier's strategy.
-
IndiGo Posts Rs 1,066 Crore Loss In September Quarter As Costs Surge
The results come against the backdrop of an escalating tussle between IndiGo co-founders Rakesh Gangwal and Rahul Bhatia over corporate governance issues.
-
IndiGo Feud: Rahul Bhatia Seeks Arbitration In Dispute With Rakesh Gangwal
The IGE Group and the RG Group are promoters of the company, which has been named as a respondent, InterGlobe Aviation said. IndiGo said that it had been named as a respondent "as it is a party to the shareholders agreement".
-
IndiGo Promoters' Feud: All Third Party Deals Clean, Says CEO
IndiGo is the country's largest private carrier with nearly 50 per cent market share on local routes.
-
"Hope His Actions Will Speak Louder Than...": IndiGo Promoter vs Promoter
Amid the ongoing feud between the two, IndiGo co-promoter Rahul Bhatia on Tuesday said he hopes that Rakesh Gangwal's actions would speak louder than his words.
-
In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders
Rakesh Gangwal now intends to support a move to expand the company's board to 10 directors at its annual general meeting scheduled for August 27, reversing his earlier stance.
-
IndiGo Co-Founder Rakesh Gangwal Says Feud Still Unresolved
Rakesh Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for securities regulator to intervene.
-
Rakesh Gangwal Won't Sell IndiGo Stake In Feud With Rahul Bhatia
"I am here for the long haul," Mr Gangwal, who has accused Mr Bhatia of corporate governance lapses told Bloomberg.
