Interglobe Aviation: Interglobe Enterprises, a promoter entity of Rahul Bhatia, is planning to sell a stake worth $394 million in Indigo Airlines’ parent company, Interglobe Aviation, via a block deal. The entity currently holds a 37.75% stake in Interglobe Aviation. The proposed sale, which marks the first time in many years that Bhatia is looking …
India’s leading airline IndiGo’s parent InterGlobe Aviation on Thursday posted a 106% year-on-year (YoY) growth in its consolidated net profit at Rs 1,895 crore for the fourth quarter, compared with Rs 919 crore in the last year quarter. Revenue from operations increased 26% YoY to Rs 17,825 crore in the reporting quarter. EBITDAR (earnings before …
Mumbai: IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd, through a block deal, according to a term sheet reviewed by Mint. The sale, estimated to be worth ₹3,730 crore ($450 million), will see the offer floor price set at ₹2,925 per share, …
MUMBAI – Promoter Rakesh Gangwal and entities are likely to sell a 3.3% stake in InterGlobe Aviation Ltd through block deals on Monday, according to news reports. The Gangwal family is likely to offload 1.28 crore shares for over Rs 3,700 crore, reports said. The floor price for the sale has been fixed at Rs …
NEW DELHI : InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, has announced the appointment of Aditya Pande as group chief executive officer with effect from March. Pande joins the travel conglomerate from Udaan, India’s largest enterprise e-commerce company, where he was chief financial officer the past three years. Udaan announced his resignation on …
Image Source : PTI IndiGo to place order for additional 10 A320 neo family aircraft The country’s largest airline IndiGo has decided to place an order for another 10 A320 neo family aircraft. These planes will be in addition to the nearly 1,000 planes already ordered by the carrier. The latest decision comes a little …