IndiGo Co-Founder's Family To Sell Shares Worth Over 3,000 Crores: Report

The offer floor price for the sale by Rakesh Gangwal and wife Shobha Gangwal is set at 2,400 rupees per share - nearly a 6% discount on the current market price.

The family of IndiGo's co-founder Rakesh Gangwal will sell operator Interglobe Aviation's shares worth over Rs 3,000 crores ($450 million) via a block deal on Wednesday, CNBC-TV18 reported on Tuesday, citing sources privy to the developments.

The offer floor price for the sale by Rakesh Gangwal and wife Shobha Gangwal is set at 2,400 rupees per share - nearly a 6% discount on the current market price.

IndiGo did not immediately respond to a Reuters request for comment.