IndiGo co-founder Gangwal may buy 'sizable' stake in SpiceJet, stock surges

IndiGo co-founder Gangwal may buy 'sizable' stake in SpiceJet, stock surges

An IndiGo Airlines A320 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad March 7, 2012. REUTERS/Vivek Prakash

India’s IndiGo co-founder Rakesh Gangwal is in talks to buy a “sizable” stake in troubled domestic airline SpiceJet, ET Now reported on Friday, citing sources.