Rakesh Gangwal Sells Rs.11,928 Cr Stake in IndiGo: What It Means for Investors
IndiGo Airlines co-founder Rakesh Gangwal has sold 5.8% of his stake in the company through a major block deal worth ₹11,928 crore. This move comes as part of his ongoing plan to reduce his shareholding in the airline gradually.
10:25 AM May 27, 2025 IST
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Aakash Khuman
Rakesh Gangwal, co-founder of IndiGo Airlines, has sold 2.26 crore shares, or 5.8% of his stake, in InterGlobe Aviation. This block deal brought in Rs.11,928 crore. The shares were sold at Rs.5,260 each — about 3% lower than the previous day’s closing price.
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Global Banks Involved in the Deal
Top investment banks like Goldman Sachs, Morgan Stanley, and JPMorgan handled this big transaction. The sale is part of Gangwal’s plan to slowly exit from IndiGo’s parent company.
Rakesh Gangwal Stepped Down in 2022
Rakesh Gangwal had already stepped down from the board of InterGlobe Aviation in 2022. At the time, he had shared plans to reduce his stake in a phased manner. Even after resigning, he still holds a large share in the airline.
IndiGo ’s Financial Performance Remains Strong
IndiGo posted a net profit of Rs.3,067.5 crore for the quarter ending March 31, 2025 — continuing its profitable streak for the second quarter in a row. This is a big jump from the Rs.1,894.8 crore profit in the same period last year.
Revenue and Margins See Healthy Growth
Revenue from operations: Rs.22,151.9 crore (up 24% from last year)
EBITDAR: Rs.6,948.2 crore (up from Rs.4,412.3 crore)
Margin: Increased to 31.4% from 24.8%
IndiGo Share Price Reaction
At 9:20 am, IndiGo shares were trading at Rs.5,294, down 2.4% from the last close. However, the stock has gained nearly 20% since the start of 2025, reflecting investor confidence in the airline’s performance.
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