IndiGo, Rakesh Gangwal and Southwest Airlines
IndiGo’s Rakesh Gangwal invests over $100mn in Southwest Airlines
Rakesh Gangwal, co-founder of India’s leading airline IndiGo, invested over $100 million in Southwest Airlines, a US carrier in which he is currently a director. Gangwal made the investment to acquire 3.6 million shares in the Texas-based airline.
Southwest Air Rises After IndiGo Co-Founder Gangwal Buys $108 Million Of Shares
In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.
IndiGo's Gangwal buys $100 million stake in Southwest
Rakesh Gangwal, co-founder of IndiGo, purchased $100 million worth of Southwest shares, between $29 and $30 each, following a trading window opening.
Southwest Airlines gains after a key board member invests $107M, backs current management
Southwest Airlines (LUV) stock rises in premarket trading as insider Rakesh Gangwal buys $106.7 million worth of shares, showing support for
Southwest Airlines Director Buys $107 Million of Stock, Backs Leadership
Director Rakesh Gangwal just bought 3.6 million Southwest shares, and says that more changes “would be counterproductive and not in the best interest of shareholders.”
Southwest director buys 3.6 mln shares, opposes more leadership changes
Southwest Airlines Director Rakesh Gangwal, who was picked by the company to join its board amid growing pressure from an activist investor, bought more than $100 million in stock and said on Wednesday more top level leadership changes would be "counterproductive.
New Southwest director backs leadership after making $100 million investment
The new Southwest director and IndiGo co-founder Rakesh Gangwal has purchased 3.6 million shares in the airline and backed its leadership.
Southwest Air Rises After Billionaire Gangwal Buys $108 Million of Shares
Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thursday.
Rakesh Gangwal buys shares valued at over $100 million in southwest airlines
Rakesh Gangwal, co-founder of IndiGo Airlines, has invested over $100 million in Southwest Airlines by purchasing 3.6 million shares, aligning his interests with the airline's shareholders. This significant investment supports Southwest Airlines' growth strategy and positions Gangwal as a key player in shaping the airline's future.
$108 million! IndiGo co-founder Rakesh Gangwal bought shares in this US-based airline
Southwest Airlines Co. shares rose more than 3 per cent after board member and billionaire co-founder of InterGlobe Aviation (IndiGo), Rakesh Gangwal, purchased around $108 million worth of the company’s shares.
Southwest new director Gangwal buys $100M stock, urges no more leadership shifts
Southwest Airlines (NYSE:LUV) board member Rakesh Gangwal, appointed during increased pressure from activist investor Elliott Investment Management, recently purchased over $100 million worth of company stock,
A Southwest Airlines director bought $100 million in stock to fight activist investor Elliott
Southwest Airlines (LUV) just got a big endorsement of its turnaround plan — from the inside. Reuters reports that board of ...
How Did IndiGo Succeed In Bringing Low-Cost Aviation To India?
According to Business Standard, IndiGo aimed to learn from the successes of no-frills carriers in Europe like Ryanair and ...
Indiatimes1mon
IndiGo's Gangwal sells another Rs 10k crore shares
Rakesh Gangwal, a co-founder of IndiGo, sold over 2 crore shares in Interglobe Aviation for nearly Rs 9,550 crore, reducing his family's stake to about 14.1%. This follows an agreement with ...
Mint1mon
IndiGo co-founder Rakesh Gangwal to sell up to 3.8% stake in the airline
Since then, he and his associates have been gradually reducing their stake in IndiGo. In March, Gangwal invested $20 million in manufacturing-services company Zetwerk. Currently, Rahul Bhatia's ...
The Telegraph1mon
Family trust of IndiGo co-founder Rakesh Gangwal sells 5.24 per cent stake in airline worth Rs 9,549 crore
The family trust of InterGlobe Aviation promoter Rakesh Gangwal sold a 5.24 per cent stake in the airline on Friday for ₹9,549 crore through open market transactions. Gangwal had resigned as a ...