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Rakesh Gangwal

Southwest Air soars after billionaire Gangwal buys $108 million worth of shares

(Bloomberg) — Southwest Airlines Co. shares are rising after InterGlobe Aviation Ltd. board member and billionaire co-founder Rakesh Gangwal bought about $107 million worth of company stock, according to Securities and Exchange Commission filings from Thursday. Most read by Bloomberg…

Southwest Airlines director buys $100 million worth of stock to fight activist Elliott

In this story Southwest Airlines (LUV) just got a lot of support for its turnaround plan – from within. Reuters reports that board member Rakesh Gangwal, the founder of Indian budget airline Indigo, bought a block of shares in the…