IndiGo promoter Rakesh Gangwal.
IndiGo promoter Rakesh Gangwal’s family trust on Thursday (August 28, 2025) sold a 1.3% stake in the country’s largest airline for ₹2,933 crore through open market transactions, cumulatively offloading shares worth ₹14,497 crore so far this year.
With the latest sale, the cumulative divestment by Rakesh Gangwal, along with his wife Shobha Gangwal and their family trust— the Chinkerpoo Family Trust— stood at ₹39,532.79 crore, translating to around $4.51 billion.
Since 2022, Gangwals and their family trust have offloaded a 28.32% stake in IndiGo, according to an analysis by PTI.
Following a bitter fallout with co-promoter and co-founder Rahul Bhatia, Mr. Gangwal, in 2022, announced that he will gradual sell stake in the airline in a phased manner.
According to the bulk deal data available on the NSE on Thursday, the Chinkerpoo Family Trust offloaded a total of 50.40 lakh shares in two tranches representing a 1.3%stake in Gurugram-based InterGlobe Aviation.
The shares were disposed of in the price range of ₹5,814.71-5,825.72 apiece, taking the combined deal value to ₹2,933.39 crore.
Published – August 28, 2025 09:24 pm IST
