By Admin 
Indigo shares: Indigo airline shares will remain in focus on August 28 as its co-founder Rakesh Gangwal has planned to sell his share of 3.1 percent in Interglob Aviation for $ 801 million (about Rs 7,027.7 crore) through a block deal.
According to the Economic Times report, the sale of 1.21 crore shares under the proposed sale will be at a minimum price of Rs 5,808 per share, which is about four percent less than Tuesday’s closed price (Rs 6,050). Goldman Shakes, Morgan Stanley India and JP Morgan India have been appointed brokers for this deal.
The share will remain so after the deal
Let us know that the total stake of Gangwal and Chunkarpu Family Trust in Interglobe Aviation was 7.81 percent till June 2025. Whereas after this deal, it will now be reduced to 4.71 percent. The trust has Shobha Gangwal and JP Morgan Trust Company of Delaware Trustees.
Constantly decreasing stake
In February 2022, Gangwal resigned from the board after being told by another co-founder Rahul Bhatia on issues related to the company’s operation. At that time, Gangwal and their respective institutions had about 37 percent stake in the company. Since then, he and his wife Shobha Gangwal have been continuously reducing their stake through several block deals.
He also sold 5.72 percent stake in May 2025 for around Rs 11,564 crore. Earlier, stake was sold in August 2024, February 2023, August 2023 and September 2022. According to the ET report, according to the terms of the deal, the family agreed to the 150-day lock-up period on the sale of shares.
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