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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Rakesh Gangwal, co-founder of India’s airline IndiGo, is going to sell his 3.4 per cent stake. This deal will be done for about 6,800 crores through Block Deal. This step is part of his long-term exit plan, under which he is gradually working on a plan to get out of the company.

According to the information, the floor price per share for this transaction has been fixed at Rs 5,175, which is about 4.6 percent less than the previous closed price of Rs 5,424. At present, Gangwal and their associated institutions have a total of 13.53 percent stake in Indigo.

Constant stake deduction in previous years also

Rakesh Gangwal and his family have steadily reduced their stake in the last few years. In August 2023, 5.83 percent stake was sold for 10,500 crores. In March 2023, 6 per cent stake was sold for 6,786 crore. In August 2023, his wife Shobha Gangwal sold 3 per cent stake for 2,802 crores. In February 2023, the family sold 4 per cent stake for 2,900 crores. September 2022: 2.8 percent stake was sold for 2,000 crores.

Gangwal wants to take full exit!

Rakesh Gangwal resigned from the Indigo board on 18 February 2022 and only then announced that he would gradually sell his stake in the coming five years and come out of the company. This recent deal is part of the same process from which the Gangwal family is moving towards the exit completely from Indigo.

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