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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IndiGo Q4 Results: The net profit of Interglobe Aviation, the country’s largest airline, has increased by 62 percent to Rs 3,068 crore in the January-March quarter (fourth quarter) of the previous financial year 2025. The company’s net profit during this period a year ago was Rs 1,894.8 crore.

On Wednesday, the company has been told that its fourth quarter has the highest profit ever. After this, it has been recommended to give a dividend of Rs 10 per equity share by the board of the directors of the company.

According to a statement issued by the company, the number of passengers of IndiGo has increased by 19.6 percent to 3.19 crores in the fourth quarter of financial year 2024-25. With the operations, the company has made a profit of Rs 22,152 crore, that is, a rise of 24 percent has been seen. It was Rs 17,825 crore a year ago during the same period.

100 dividend announcement

The company said in a statement that Indigo’s net profit for the last financial year was Rs 7,258.4 crore for the last financial year. Except for the impact of foreign currency exchange, IndiGo recorded a net profit of Rs 8,867.6 crore. ”

On behalf of IndiGo said, “Indigo’s net profit for the March quarter was Rs 3,067.5 crore, which is the highest in any fourth quarter of the company so far.” IndiGo’s passenger ticket income increased by 25.4 percent to Rs 19,567.3 crore in the March quarter, while the other income increased by 25.2 percent to Rs 2,152.5 crore. Indigo Chief Executive Officer (CEO) Peter Alberg said that in the last financial year, the airline made a total of 11.8 crore people.

JK tire reduced profits

Here, JK Tire and Industries Limited ended March 2025, the integrated net profit of the fourth quarter of the last financial year financial year has come down by 42.5 percent to Rs 98.66 crore. The company’s profits have reduced due to increase in spending and adverse foreign exchange effects. JK Tire and Industries Limited gave this information to the stock markets. The company earned an integrated net profit of Rs 171.66 crore in the same quarter of the last financial year.

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