Gangwal, Southwest Airlines
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 Airlines Director Rakesh Gangwal Invests Over $100M In Shares Amid Elliott Management's Pressure For Leadership Changes
Rakesh Gangwal, a director at Southwest Airlines Co (NYSE:LUV), has made a significant investment in the company by acquiring 3.6 million shares, valued at over $100 million. This purchase comes amid mounting pressure from activist investor Elliott Investment Management for changes in 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.
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.
Rakesh Gangwal invests over $100 million in Southwest Airlines shares
According to filings with the Securities and Exchange Commission, Gangwal bought the shares between September 30 and October 1, at prices ranging from $29 to $30 per share. This move aligns Gangwal's interests closely with those of Southwest's shareholders,
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 directors member Rakesh Gangwal, the founder of the Indian budget airline Indigo,
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.
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.
AeroTime4d
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 ...
Crain's Chicago Business4d
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 ...
Southwest Airlines board member buys 3.6M shares
Southwest Airlines (LUV) stock climbed Thursday after board member Rakesh Gangwal made a significant investment in the ...