IndiGo Co-founder Rakesh Gangwal Sells 5.8% Stake Worth ₹11,928 Crore

In a significant financial move, Rakesh Gangwal, co-founder of InterGlobe Aviation—the parent company of IndiGo Airlines—has sold a 5.8% stake in the company through a block deal valued at approximately ₹11,928 crore.

• Shares Sold: Approximately 2.26 crore equity shares
• Stake Percentage: 5.8% of InterGlobe Aviation
• Sale Value: ₹11,928 crore
• Floor Price: ₹5,260 per share, representing a ~3% discount to the previous closing price
• Managing Banks: Goldman Sachs, Morgan Stanley, and JPMorgan facilitated the transaction

Following the announcement, IndiGo’s stock experienced a dip of nearly 3% in early trading but later recovered some losses, trading at ₹5,318.00 per share, down 1.88% around 11 am.

Despite the stake sale, IndiGo reported strong financial results for Q4 FY25:

• Net Profit: ₹3,067.5 crore, a 61.89% increase year-on-year
• Revenue: ₹22,151.9 crore, up 24.3% from the previous year
• EBITDAR: ₹6,948.2 crore, a 57.5% rise
• Passenger Growth: 19.6% increase, reaching 3.19 crore travelers

This sale marks another step in Gangwal’s phased exit from IndiGo, which he co-founded in 2006. The Gangwal family’s stake has decreased from approximately 37% to 13.5% over the past three years.

The transaction underscores a significant shift in IndiGo’s ownership structure and may influence future strategic decisions within the company.