Gangwals to offload $450 million more of IndiGo stake

Gangwals to offload $450 million more of IndiGo stake https://ift.tt/oHwn5r6 Airlines' promoters, the Gangwal family, are selling $450 million worth of shares in a block deal through bankers Morgan Stanley, JPMorgan, and Goldman Sachs. The family is offering 5.6% of its shares at a floor price of INR 2,400 ($32.27) per share. Indigo had a net profit of INR 3,090 crore ($414.98 million) in Q1, with a revenue of INR 17,160 crore ($2.30 billion). At the end of June, it had a fleet of 316 aircraft and a 36.66% stake held by the Gangwal family.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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