1) Rakesh Gangwal's family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at 5,808 per share, a 4% discount. This sale marks a continuation of Gangwal's gradual departure from IndiGo since stepping down from the board in February 2022, with a 150-day lock-up period agreed upon for further sales. 2) The promoters hold 7.81% in the budget airline, including 4.73% directly by Gangwal and 3.08% through the Chinkerpoo Family Trust, as of June-end. 3) Goldman Sachs, Morgan Stanley, and JPMorgan are bankers to the deal, the people said. 4) The latest transaction would mark another phase in Gangwal's gradual exit from IndiGo, which began after he stepped down from the board in February 2022. At the time, Gangwal and his related entities held about 37% in the company. Since then, both he and his wife, Shobha Gangwal, have been steadily reducing their exposure through a series of stake sales. 5) This is having negative impact on the stock and stock prices down by 4% 6) All this is for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24

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