Mumbai, May 27 -- While the buyers and sellers remain unnamed, media reports suggest that IndiGo co-founder Rakesh Gangwal offloaded shares worth approximately Rs 11,900 crore. This aligns with his earlier plan to gradually exit the airline business. Gangwal stepped down from IndiGo's board in 2022 but has continued to be one of its key shareholders.

Trading volumes skyrocketed: BSE saw 5.48 lakh shares change hands, compared to the 3-month average of just 24,816 shares. NSE volumes surged to 2.76 crore shares, sharply above the 3-month average of 10.94 lakh.

As of March 2025, promoters held a 49.27% stake in InterGlobe Aviation. The Gangwal family owned 13.53%, with Rakesh Gangwal directly holding 5.30% and the remaining 8.23% under Th...