Rakesh Gangwal buys shares valued at over $100 million
Indigo Co-Founder Rakesh Gangwal Invests $108 Million in Southwest Airlines Shares
Aviation veteran Rakesh Gangwal invests $108 million in Southwest Airlines, signaling confidence in the airline's growth potential and strategic expansion in the U.S. aviation market.
Rakesh Gangwal Buys Southwest Airlines Shares Worth $108 Million
An aviation industry veteran, Gangwal joined Southwest in July this year amid Elliott Investment Management, one of the airline's largest shareholders, seeking sweeping changes at the carrier.
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.
Southwest Airlines rises after billionaire board member buys $108M 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.
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 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.
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.
Rakesh Gangwal Buys $108 Million Southwest Shares
Rakesh Gangwal, IndiGo co-founder, has purchased 3.6 million shares of Southwest Airlines for USD 108 million, following a fallout with IndiGo co-founder Rahul Bhatia.
$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.
Rakesh Gangwal buys $108 million of shares in Southwest Airlines
In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.
AeroTime3d
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 ...
Southwest Airlines gains after a key board member invests $107M, backs current management
Southwest Airlines Co. (NYSE:LUV) pushed higher in premarket trading on Thursday after the airline company disclosed some ...
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 ...
The Financial Express1d
Book review| The sky is indigo
The airline recently celebrated its 18th anniversary, where it announced plans to introduce business class in its flights.