InterGlobe Enterprises to Sell 4% Stake in IndiGo via Block Deal: Report
Promoter entity InterGlobe Enterprises is reportedly planning to sell around 4% stake in IndiGo through a block deal, aiming to raise approximately $1 billion via the share sale. This move follows earlier sales by co-promoter Rakesh Gangwal and his family.
As per a report by CNBC-TV18 citing sources, InterGlobe Enterprises currently holds a 35.70% stake in the airline company, InterGlobe Aviation (IndiGo). The share sale would follow the earlier move in August 2024, when Rakesh Gangwal’s family trust sold 5.24% stake in IndiGo for ₹9,549 crore.
This follows Gangwal's plan announced in February 2022, where he expressed intent to gradually reduce his stake due to concerns over corporate governance and disagreements with co-founder Rahul Bhatia.
Background of Stake Sales
In May 2025, in the latest move, Rakesh Gangwal and his family trust sold a 5.7% stake via a block deal, raising approximately ₹11,559 crore (around $1.36 billion). Following this sale, Gangwal’s stake in IndiGo dropped to 7.8%.
This latest reported sale by InterGlobe Enterprises signals a continued divestment by the promoter group. When contacted by CNBC-TV18 for comment, IndiGo declined to respond, stating, "We will not comment on this matter."
These sales mark a significant reshaping of IndiGo’s promoter shareholding and could impact market perception and stock dynamics in the Indian aviation sector.