Block Deal in InterGlobe Aviation
Shares of InterGlobe Aviation, the parent of IndiGo, are expected to remain in focus on August 28 as the Rakesh Gangwal family prepares to pare its stake through the block deal route. According to market sources, the family may sell up to 3.1% stake, valued at around Rs 7,020 crore.
The deal is likely to be executed at a floor price of Rs 5,808 per share, which represents a discount of about 4% compared to the last closing price.
Gradual Exit from IndiGo
This move continues the Gangwal family’s gradual exit from the airline since Rakesh Gangwal resigned from the company’s board in February 2022. So far in 2025, the family has sold nearly 9% stake in the company.
Since 2022, the Gangwal family has collectively raised over Rs 45,300 crore by trimming their holding in InterGlobe Aviation. Major stake sales include:
- September 2022: 2.74% stake worth Rs 2,005 crore.
- February 2023: 4% stake sold by Shobha Gangwal for Rs 2,944 crore.
- August 2023: 2.9% stake sold for over Rs 2,800 crore.
- August 2024: 5.2% stake offloaded for Rs 9,549 crore.
- May 2025: Shares worth nearly Rs 11,900 crore sold via block deal.
After the latest divestment, the family’s stake in IndiGo will reduce to 4.78%, valued at roughly Rs 11,169 crore.
Market View on IndiGo
Brokerage firm Kotak Securities noted that IndiGo’s recent capacity cuts were happening slightly faster than its key competitor. However, the report clarified that this is not due to weakening demand.
Instead, IndiGo is shifting its strategy — rather than adding capacity in Q2 ahead of festive season demand, the airline is now focusing on supporting yield growth during Q3 and Q4, ensuring stronger performance in the peak travel months.
What’s Next for Investors?
The continued stake sales by the Gangwal family underline their ongoing exit strategy, but IndiGo’s strong market share, yield-focused strategy, and demand outlook keep investor interest high.
With the festive season approaching, capacity management and yield performance will remain key drivers for the stock.
