bearish
Interglobe Aviation (Indigo) Lockup - Still Has US$3bn+ Stake Left, After Three Prior Selldowns
594 Views11 Jan 2024 09:54
InterGlobe Aviation Ltd (INDIGO IN)’s co-founder Rakesh Gangwal’s 25%+ stake will be released from lock-up tomorrow. He still owns over US$3bn worth of stock.
Boomeranged on Thu, 7 Mar 2024 21:25
The founder is now looking up to US$450m via selling around 3.3% of the company. This deal is well flagged although the timing is a few days later than what we had proposed.
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