Rakesh Gangwal, co-founder of India’s leading airline IndiGo $INDIGO.NS, has initiated a significant equity sale alongside the Chinkerpoo Family Trust. Together, they aim to secure up to 803 million USD by offering a 3.4% share in the air carrier. The deal involves offloading 13.2 million shares at a minimum price of 5,175 INR (61 USD) each, presenting a 4.5% markdown relative to the previous closing price of 5,420 INR. This strategic move represents Gangwal’s third structured divestment since March 2024, following block deals exceeding 2 billion USD.