InterGlobe Enterprises, the family unit of Rahul Bhatia, is set to sell 77 lakh shares of IndiGo via block deals worth ₹3,293 crore. The floor price is fixed at ₹4,266 per share, a 7% discount to the previous closing price. The parent company, InterGlobe Aviation, witnessed a 4% drop in its shares during trading due to the reported block deal by the promoter entity. The largest shareholder of IndiGo plans to sell a 2% stake worth $394 million, with the deal executed at an average price of ₹4,362.04 per share.
One of #IndiGo's shareholders sold a 0.13% stake for Rs 224 crore through an open market transaction.
Another block deal in #IndiGo, 5 lakh shares change hands; stock flat https://t.co/f9sGtaJZDB
#IndiGo shares were in focus on Thursday following a large block deal in which 5.2 lakh shares changed hands at Rs 4,300 per unit.
IndiGo Large Trade | 5.21 Lk Shares Worth Rs 224 Cr Change Hands In Block Deal Window At Rs 4,300/Sh https://t.co/rEJ3NIHBvY
JUST IN | 521,183 Indigo shares change hands in block deal (pre-market) https://t.co/AfT9THtqLH
Sobha: To raise ₹2,000 crore through a rights issue of shares. The company intends to issue 1.21 crore rights equity shares each on a partly-paid basis. An assumption of full subscription and payment of call monies will result in the company fetching ₹2,000 crore.
#Sobha | The issue price has been set at ₹1,651 a share (a ~20% discount to today’s close of ₹2,070), for a proposed equity issuance of 12.1m shares (to lead to post-issue equity dilution of 11.3%, on full subscription) https://t.co/WKffo0BLAR https://t.co/dLhewQGZ8P
#JustIn | #Sobha board approves rights issue of up to ₹2,000 crore, issue price at ₹1,651/sh. Rights issue opens on June 28, 2024 & closes on July 4, 2024 https://t.co/wSg0eEn1YP
#InterglobeEnterprises sold 2% stake in #IndiGo on June 11.
Stocks In News | IndiGo: InterGlobe Enterprises sold 2% stake in co on June 11 @IndiGo6E #StockMarket https://t.co/7uSzUX3jcP
#IndiGo: Interglobe Enterprises sold 2% stake in Tuesday's block deal worth ₹3,367.3 crore. Deal executed at a price of ₹4,362.04 per share.
IndiGo airline's biggest shareholder will sell a 2% stake worth $394 million in it, per a term sheet seen by @Reuters @murdochsj @nmandz78 https://t.co/c0Ep2UHUTy
#JustIn | Interglobe enterprises sells 2% stake in Indigo for ₹3,367.30 cr, the deal executed at an average price of 4,362.04/sh https://t.co/8TkXmQtgKK
#IndiGo #promoters likely sell 2% #stake in Rs 3,700 #crore block #deal https://t.co/SFOAdVo06F
#MarketsWithBS | Shares of #InterGlobe Aviation, the parent company of #IndiGo airlines, fell 4.4% to Rs 4,361 apiece on the #BSE on Tuesday after nearly 11 mn shares changed hands on the counter. #ShareMarket #stockmarket #buzzingstocks #Markets https://t.co/qcITtO9Swc
Shares of InterGlobe Aviation Ltd (#IndiGo) cracked more than 4 per cent during the trading session on Tuesday on the back of a reported block deal by the promoter entity.
Indian airline IndiGo's top shareholder to sell 2% stake, per term sheet https://t.co/TvzeAVMAGV https://t.co/AgO2Bt7E4R
Stocks In News | InterGlobe Aviation to sell 2% stake worth Rs 3,293; Base price at Rs 4,266/sh. Here's @nikunjdalmia's take! @_anishaj https://t.co/MaFrRw3zNq
#IndiGo: Rahul Bhatia family unit InterGlobe Enterprises likely to sell 77 lakh shares via block deals worth ₹3,293 crore. The floor price has been fixed at ₹4,266 per share, which is a 7% discount to Monday's closing price.