The Rakesh Gangwal family is preparing to sell 3.1% of its stake in InterGlobe Aviation, the parent company of IndiGo, through block deals worth nearly Rs 7,020 crore. The sale is expected to take place on August 28, according to reports.
The shares will be sold at a floor price of Rs 5,808 per share, which is around a 4% discount compared to the last traded price of Rs 6,050.
This marks another step in the gradual exit of the Gangwal family from IndiGo. Rakesh Gangwal, one of the co-founders, had stepped down from the airline’s board in February 2022. Since then, his family has been slowly reducing its holding in the airline.
In 2025 alone, the family has already sold around 9% stake in IndiGo. Back in May, they executed another large block deal worth about Rs 11,900 crore.
Despite the stake sale, IndiGo’s stock has performed strongly. Shares of InterGlobe Aviation have risen 31% this year, and over the past five years, the stock has gained an impressive 400%.
Adding to its strong position, IndiGo was recently included in the benchmark Nifty 50 index during the semi-annual reshuffle, a recognition of its growing importance in India’s stock market.
Financially, IndiGo reported a profit of Rs 2,161 crore in the June 2025 quarter, though this was 21% lower than the same period last year. Revenue from operations rose by 5% to Rs 20,496 crore.
Brokerage firm Kotak Securities recently downgraded IndiGo’s stock rating to “add” because of capacity cuts. However, the firm clarified that this does not signal weaker demand. Instead, IndiGo is adjusting its strategy, focusing on yield growth during the upcoming festive season instead of aggressively expanding capacity as it had done earlier.
The Gangwal family’s steady exit shows their shift away from IndiGo, while the airline itself continues to strengthen its market position and investor confidence.
