Mumbai, Aug. 28 -- According to media reports, promoter Rakesh Gangwal and his family trust divested up to a 3.1% stake in the airline for about Rs 7,027.7 crore through multiple block deals on Thursday, 28 August 2025. While counterparties were not disclosed, the sale is said to comprise around 1.21 crore shares at a floor price of Rs 5,808 per share.

As of June 2025, Gangwal and the family trust together held a 7.81% stake in IndiGo. Following the latest transaction, their holding has reduced to 4.71%.

Gangwal, co-founder of IndiGo, has been paring his stake in phases since February 2022, after a fallout with fellow co-founder Rahul Bhatia over corporate governance issues.

IndiGo is amongst the fastest growing low-cost carriers in th...