Indigo co-founder Rakesh Gangwal selling 5.8% stake: ₹ 11,928 crore deal, yesterday there was news of selling 3.4% equity yesterday

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Rakesh Gangwal resigned from the Board of Interglobe Aviation in 2022.

Rakesh Gangwal, co-founder of Interglobe Aviation, a company operating Indigo, is selling his 5.8% stake in the company through a block deal. According to Moneycontrol, today (Tuesday, May 27), a deal of 2.26 crore shares was done at a rate of Rs 5,260.5 per share, which has a total value of ₹ 11,928 crore.

Yesterday i.e. Monday, May 26, there was news of selling 3.4% equity. Initially the value of this deal was Rs 6,831 crore, but later it was increased to more than Rs 10,000 crore due to strong demand. Earlier, the floor price for this deal was fixed at 5,175 per share.

Gangwal resigned from Indigo Board in 2022

Gangwal resigned from the Board of Interglobe Aviation in 2022. He then said that he would reduce his stake in a little (phase wise) company. Gangwal remains one of Indigo’s largest shareholders despite being removed from the board.

Indigo shares fell 2%

After the block deal, the share of the Interglobe Aviation fell by about 2% to ₹ 5,315. The stock has increased by 16% so far in 2025. In a year, the company’s stock has given a return of 25%.

Airline made a profit of 3000 crores

Interglobe Aviation, a company operating Indigo, received a net profit of Rs 3,068 crore in the fourth of FY 2024-25. It is 62% more on an annual basis. It was Rs 1,895 crore in the same quarter of last year. The company has made this profit due to increasing demand in air travel.

In the January-March quarter, IndiGo operation rose 24% to Rs 22,152 crore on an annual basis. The company’s revenue was Rs 17,825 crore in the fourth quarter of FY24, the same quarter of a year ago. IndiGo released the January-March quarter and annual results on Wednesday (May 21).

Indigo is India’s largest airline

Indigo is the largest airline in the country in terms of market share. The company’s stock in the Indian airline market is around 64%. It was founded in 2006 by Rahul Bhatia and Rakesh Gangwal. It operates more than 2000 flights daily.

IndiGo flights run on more than 80 domestic destination and more than 30 international destinations. It combines 110+ destinations. The airline has more than 320 aircraft fleet. It has more than 50 crore customers.

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