Shares of IndiGo (Interglobe Aviation) will be in focus tomorrow on the back of a large block deal, media reports suggest. According to a report by NDTV Profit, IndiGo founder Rakesh Gangwal and Chinkerpoo Family Trust will sell 1.47 crore shares of the company via a large block deal tomorrow. The report further stated that the floor price of the block deal is set at Rs 4,593 per share.
The indicative price of the block deal is at a 5.5% discount to current market price of Rs 4,859.85. The report from NDTV Profit said that Goldman Sachs, JPMorgan, and Morgan Stanley are the brokers to the block deal.
