The shares might be offloaded by Gangwal and The Chinkerpoo Household Belief at a flooring worth of Rs 5,175 per share — a 4.5% low cost to IndiGo’s closing worth of Rs 5,420 on the Nationwide Inventory Trade as of Might 26.
As of March 31, 2025, the Gangwal household held a 13.53% stake in IndiGo. The proposed sale marks yet one more step of their gradual exit from the airline, which Gangwal co-founded with Rahul Bhatia in 2006. Simply three years in the past, the Gangwal household held near 37% within the firm.
Gangwal stepped down from IndiGo’s board in February 2022 and publicly acknowledged his intention to cut back his shareholding over time. Since then, the household has steadily pared down its stake. In August 2024, they bought a 5.25% stake for Rs 9,549 crore. Earlier in 2024, they bought 5.8% stake that fetched Rs 6,786 crore. Shobha Gangwal exited utterly, offloading a 4% stake in August 2023 for about Rs 2,944 crore.
The newest block deal displays continued promoter churn in India’s aviation sector, whilst IndiGo maintains its dominant market share and expands its worldwide footprint. Analysts say Gangwal’s divestment might also enhance the corporate’s free float and liquidity, doubtlessly rising its enchantment to giant institutional traders.
