Gangwal family plans to pare 3.4% stake in IndiGo

27 May 2025 , 08:40 AM

As per the reports, IndiGo’s co-founder Rakesh Gangwal, and his family plans to divest about 3.4% stake in Interglobe Aviation via block deals on Tuesday. The term sheet stated that the deal size is about rs 6,831 Crore ($803 Million).

Gangwal and The Chinkerpoo Family Trust will offload the stake at a floor price of ₹5,175 per share. This is a 4.5% discount at IndiGo’s closing price of ₹5,420 on the National Stock Exchange as of May 26.

As of March 31, 2025, the Gangwal family was holding around 13.53% stake in IndiGo. The proposed sale is another step ladder in Gangwal family’s gradual exit from the airline, jointly founded by Rahul Bhatia and Gangwal in 2006. 

Gangwal family held about a 37% stake in the company, just three years ago.

In February 2022, Gangwal took an exit from IndiGo’s board and stated his intention publicly to gradually reduce his shareholding. Since then, the family is slowly offloading its stake in the company. 

In August 2024, Gangwal family sold about a 5.25% stake at an aggregate value of ₹9,549 Crore. In 2024 itself, the business pared about 5.80% stake at a consideration of ₹6,786 Crore. In August 2023, Shobha Gangwal pared the entire 4% stake at ₹2,944 Crore.

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