The number of female pilots at Indigo will exceed 1,000Image credit source: File photo
Once again, a major shake-up is taking place in India’s aviation sector. The co-founder of the country’s largest airline, IndiGo, has sold part of his stake in the company. In return for this deal, he received an amount of Rs 9,549 crore.
Indigo is actually owned by InterGlobe Aviation. The family trust of its co-founder Rakesh Gangwal sold its 5.24 per cent stake in the company. According to PTI News, this amounts to approximately 2.25 million shares of the company. This deal is worth Rs 9,599 crore.
This price was received for each share.
Rakesh Gangwal Family Trust received a price of over Rs 4,715 for each Indigo share in this deal. His family trust, ‘Chinkarpu Family Trust’, has completed the deal of over 2.02 crore IndiGo shares in three instalments. Their price range was Rs 4,714.95 to Rs 4,715.89.
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The largest airlines in the country.
Indigo is the largest airline in the country. The company’s share in the Indian aviation market is more than 60 percent. After the acquisition of Air India by Tata Group, it has now become the main competitor of IndiGo. Both companies are expanding rapidly and for this purpose orders for new aircraft have been placed on a large scale.
Indigo has recently initiated many new initiatives. The company will increase the number of female pilots from 800 to 1,000. At the same time, the company also recently introduced the option of exempting passengers from gender identification when booking a ticket.
