Family trust of Gangwal sells 5.24% stake in IndiGo

New Delhi, August 29

InterGlobe Aviation promoter Rakesh Gangwal’s family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.

Rakesh Gangwal’s Chinkerpoo Family Trust offloaded over 2.02 crore shares of IndiGo amounting to a 5.24 per cent stake, according to bulk deal data on BSE. The shares were offloaded in three tranches taking the combined transaction value to Rs 9,548.95 crore.

SpiceJet under DGCA radar

Aviation watchdog DGCA on Thursday decided to place crisis-hit SpiceJet under enhanced surveillance that will entail increased spot checks and night surveillance to ensure the safety of the airline’s operations. DGCA said it conducted a special audit of the airline’s engineering facilities on August 7 and 8 and certain deficiencies were found during the audit.