IndiGo shares to be in focus as Rakesh Gangwal is likely to sell stake worth ₹6,831 crore via block deal

Shares of Interglobe Aviation, which operates IndiGo, India's largest airline company, will be in focus tomorrow, Tuesday, 26 May 2025, after reports emerged that the company promoter Rakesh Gangwal and his family trust are likely to sell their stake worth up to ₹6,831 crore in the airline. 

The promoter and the family trust are likely to sell up to a 3.4 per cent stake in the aviation giant IndiGo, the news agency PTI reported.

Goldman Sachs (India) Securities, Morgan Stanley India Company and JPMorgan India are the placement agents for the stake sale, as per the report.

BSE data collected on Monday, 26 May 2025, showed that company promoter Rakesh Gangwal owns 5.3 per cent, or 2,04,96,493 equity shares of IndiGo. The Chinkerpoo Family Trust, which is run by Shobha Gangwal & JP Morgan Trust Company of Delaware, owns 8.23 per cent. This makes the total holding of Rakesh Gangwal and his family trust nearly 13.5 per cent. 

As per the reports, the stake sale is expected to be executed on Tuesday, where up to 1.32 crore equity shares will be sold at a floor price of ₹5,175 per share, and the transaction is to be carried out in multiple tranches.

IndiGo Share Price

InterGlobe Aviation shares closed 1.78 per cent lower at ₹5,418.30 after Monday's stock market session, compared to ₹5,516.25 at the previous market close. The reports about the potential stake sale via the block trade deal came after the stock market's operating hours on 26 May 2025.

IndiGo shares have given stock market investors more than 461 per cent returns on their investment in the last five years and 27.54 per cent in the last one-year period. On a year-to-date (YTD) basis, the aviation shares have gained 18.02 per cent in 2025, and 1.55 per cent in the last one-month period.

The airline company's shares hit their 52-week high level at ₹5,665.65 on 19 May 2025, while the 52-week low levels were at ₹3,778.50 on 28 October 2024, according to the data collected from the BSE website. The company's market capitalisation was at ₹2,09,384.44 crore, as of the stock market close on Monday, 26 May 2025.

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