IndiGo promoters likely sold 3.7% equity, taking stock down 5%
Yesterday, it was reported that IndiGo promoters have put 1.56 crore shares on block and the floor price for the sale is Rs 1,875 a share. The deal was estimated to be worth $350 million with Goldman Sachs as the broker. As of December 2022, promoter and promoter group entities held about 72% stake in the company that owns IndiGo airline.
