IndiGo’s Rakesh Gangwal to sell $801-million stake, trim holding to under 5%
According to a period page accessed by Mint, the Founding Partner and Supporting Raqesh Gangwal of Indigo plans to sell $ 801 million in the country’s largest airline. Goldman Sachs (India) Securities PVT, Morgan Stanley India Co. And JP Morgan is organizing India PVT trade.
Under the updated circumstances, Gangwal and Chinkerpoo Family Trust will sell INTERGLOBE AVIation LTD, which runs Innigo, up to 12.1 million or about 3.1%. Bid price La5.808 reflects approximately 4% discount on the closing price of the stock. LaThe National Stock Exchange of National Securities (NSE) on Tuesday, 6.050.
After this sale, Gangwal had 4.71% of the company, while the airline company and current Airline General Manager Rahul Bhatia would have 35.73%.
At the end of December 2021, Gangwal had 36.6% and Bhatiia had 37.8% in Globe Interglobe Aviation and gave the duo 74.78%.
Gangwal has constantly separated his shares in the airline for the last few years after a blood feud between Bhatiia and Bhatiia, which was together in 2006, was left to rest.
In 2019, Gangwal accused Bhatia of corporate governance. The dispute was opened to the public when he wrote to the market organizer Sebi, relevant party transactions and the president’s lack of independence.
In 2022, Gangwal resigned from the Board of Directors of Interglobe Aviation. In a letter to the Board, he said that he aims to reduce 37% shares in the next five years and asked him not to be shared with him.
Gangwal sold 5.83% share in April 2024, 5.83% last August and 5.7% in May.
Industrial leader
With approximately 64% market share, Indigo dominates the airline industry in India. Last month, he reported a 20% decrease in airline profit. La2,176 Crore for the June quarter despite higher capacities.
Expecies such as the terrorist attack and the next Indian-Pakistan Border Conflict and the Air India flight accident in June, traveling during the summer vacation period.
However, in June quarter, income increased by 6% annually La21,543 Crore. At the same time, 16% growth on the existing seat kilometers (ASK) exceeded up to 42.3 billion revenue increase, a measure of flight capacity.
In a press release, Indigo CEO Pieter Elbers said, “The June quarter was shaped by significant external challenges that create head winds for the whole aviation industry.” “Despite this industry -wide disruptions, we reported a net profit margin with a net profit margin for the quarter that ended in June 2025 with a net profit margin 21,763 million Inr net profit.”
