Rakesh Gangwal and family, co-founder of IndiGo Airlines, is looking at selling shares worth $450 million (Rs 3,730 crore) through block deal on Wednesday, industry sources indicated.
It is understood that Gangwal family has put 15.6 million shares for sale with a floor price of Rs 2,400 per share, which is a 5.8 per cent discount to the closing price on Monday.
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