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Tag: stake

    Aviation
    Rakesh Gangwal sells 5.8% stake in IndiGo; raising INR 6,785cr

    Rakesh Gangwal sells 5.8% stake in IndiGo; raising INR 6,785cr

    IndiGo co-founder Rakesh Gangwal sells 5.8% stake in airline via bulk deal, raises INR 6,785 crore. IndiGo co-founder Rakesh Gangwal has sold a 5.8 per cent stake in operator Interglobe Aviation via a bulk deal,

    Aviation
    Air India-Vistara merger: awaiting FDI & regulatory approvals, says SIA

    Air India-Vistara merger: awaiting FDI & regulatory approvals, says SIA

    Singapore Airlines (SIA) has said the proposed merger of Air India and Vistara is in progress, and they are awaiting foreign direct investment and other regulatory approvals. Vistara is a joint venture between Singapore Airlines

    Aviation
    Carlyle Aviation to pick up 7.5% stake in SpiceJet

    Carlyle Aviation to pick up 7.5% stake in SpiceJet

    SpiceJet Ltd. has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of

    Aviation
    IndiGo co-founder Rakesh Gangwal resigns from Board

    IndiGo co-founder Rakesh Gangwal resigns from Board

    One of the co-founders of Indian airline IndiGo, Rakesh Gangwal, has resigned from the board, its parent company Interglobe Aviation said in an exchange filing on Friday. Gangwal, a non-executive, non-independent director intends to slowly

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