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    <title>Rakesh Gangwal, family trust likely to sell 3.4 pc stake in IndiGo for Rs 6,831 cr</title>
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    <description>Promoters Rakesh Gangwal and the Chinkerpoo Family Trust propose a phased, entirely secondary placement of up to 1.32 crore equity shares (about 3.4% stake) at a specified floor price, to be executed in multiple tranches through nominated placement agents. A 150 day lock up will bind vendors and immediate relatives, with an exception permitting negotiated transfers above a stated threshold to a single investor or investor group subject to pricing and lock up conditions.</description>
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