Newsletter
Shares of Interglobe Aviation, parent company of India’s largest airline IndiGo, fell as much as 5% after a large deal took place.
The deets: as many as 2.35% of the total equity or 91 lakh shares of Interglobe Aviation changed hands through a block deal. The shares changed hands at an average price of ₹5,838 per share, which takes the total transaction value to ₹5,135.5 crore.
A block deal is a way for big investors to buy or sell a large number of shares in one go, without disturbing the regular market too much.
This marks another step in the Gangwal family’s steady exit from IndiGo. Since Rakesh Gangwal stepped down from the airline’s board in February 2022, the family has been gradually trimming its stake. In 2025 alone, they have already sold nearly 9% of their holdings.
Background: due to a fallout between Gangwal and co-founder Rahul Bhatia over governance issues, Gangwal announced plans to fully exit within five years. In August 2024, the family trust sold a 5.2% stake for ₹9,549 crore. With this latest block deal, Gangwal Group is left with a 4.78% stake in the airline, valued at about ₹11,169 crore.
