TravelBiz Monitor: India travel news, travel trends, tourism

IndiGo owners looking to sell stake worth INR 75,000 crore

By TBM Staff - Mumbai Tuesday, 13 June 2023, 10:52 AM 1148

Rakesh Gangwal’s family, the Co-Founder of IndiGo, is planning to sell a stake between 5-8 per cent worth around INR 7,500 crore in the Indian airline’s parent company InterGlobe Aviation Ltd. According to exchange data, Gangwal and his wife, Shobha Gangwal, hold 13.23 per cent and 2.99 per cent respectively in InterGlobe as of 31 […]Continue Reading

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Singapore Airlines to secure stake in Air India as part of deal with Tata Sons

By TBM Staff - Mumbai Tuesday, 29 November 2022, 5:45 PM 963

Singapore Airlines Ltd (SIA) today said it would emerge as a 25.1% owner of Air India, as part of a deal that would merge its Vistara full-service airline joint venture with Tata Sons, into India’s national carrier. SIA will invest USD 250 million into Air India as part of the transaction, the Singaporean carrier said […]Continue Reading

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Germany sells full stake in Lufthansa for USD 760 mn

By TBM Staff - Mumbai Thursday, 15 September 2022, 1:00 PM 660

Germany raised 760 million euros (USD 760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during covid-19 lockdowns. The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement […]Continue Reading

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SpiceJet in talks with investors for stake sale

By TBM Staff - Mumbai Thursday, 4 August 2022, 12:00 PM 782

According to its senior executive, SpiceJet is believed to be in talks with potential investors for a likely stake sale, reports Jagriti Chandra for The Hindu. “There are discussions going on because we need to raise capital at this point of time. We are speaking to various stakeholders who have interest,” said the official. The […]Continue Reading

IndiGo owners looking to sell stake worth INR 75,000 crore

Singapore Airlines to secure stake in Air India as part of deal with Tata Sons

Germany sells full stake in Lufthansa for USD 760 mn

SpiceJet in talks with investors for stake sale

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