IndiGo parent company InterGlobe Aviation share price fell as much as 4.30 per cent to ₹5,771.50 apiece in Thursday’s trading session after reports revealed that Rakesh Gangwal family offloaded 1.2 crore shares, amounting to a 3.13 per cent equity stake, via a block deal.
According to CNBC-TV18 report, the deal is estimated to be worth ₹7,084.6 crore at a price of ₹5,830 per share, though official confirmation is still awaited.
Earlier reports had suggested that the Gangwal family intended to sell up to a 3.1% stake in the airline through block deals, with a floor price set at ₹5,808 per share.
The stake sale forms part of a phased divestment strategy first announced in 2022, when Rakesh Gangwal expressed his plan to exit the airline industry. Since then, the family has carried out multiple share disposals.
From 2023 to May 2025, the Gangwal family executed five major stake sales, offloading over 9% in 2025 alone and raising more than ₹12,900 crore. The latest deal in May involved selling a 3.4% equity stake for ₹6,831 crore.
Global investment banks such as Goldman Sachs, Morgan Stanley, and JPMorgan have played key roles in facilitating these transactions.
(This is a developing story)
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