August 29, 2025

Hold on tight, IndiGo fans! A surprising move by the cofounder Rakesh Gangwal's family trust shook the stock market on Thursday. The Chinkerpoo Family Trust sold a 1.3% stake in InterGlobe Aviation, which is IndiGo's parent company, making a whopping ₹2,933.4 crore in bulk deals on the NSE. They sold these shares in two batches of 2.52 million shares each at an average price between ₹5,814.71 and ₹5,825.72 per share. This family trust is managed by trustees Shobha Gangwal and JP Morgan Trust Company. Earlier, it was expected the family would sell a much bigger chunk - a 3.1% stake valued at nearly ₹7,020 crore. But details about the buyers remain under wraps for now. To put the numbers in perspective, as of June 30, 2024, Rakesh Gangwal himself held 4.73% stake in InterGlobe, and the Chinkerpoo Family Trust held 3.08%. Overall, the promoters together controlled 43.54% of the company. This sale isn’t a one-time thing. Back in May, Gangwal and his family sold shares worth ₹11,564 crore, equivalent to a 5.72% stake. The entire move is part of a carefully planned phased exit after Gangwal stepped down from IndiGo’s board in February 2022. Remember, in 2021, the family held nearly 37% of InterGlobe’s shares. Since then, they have been slowly reducing their stake. But what about IndiGo’s shares now? After the news, IndiGo's shares took a dip of 5.2%, closing at ₹5,727 on NSE Thursday. However, don’t be fooled by the drop! On the whole, IndiGo's stock has been a star performer in 2025, up a fantastic 24.8%, smashing the Nifty Next 50 index which fell by 3.4%. So, why all the hullabaloo? This exit marks a big change for the airline founded by Gangwal and Rahul Bhatia in 2006, now India’s largest airline. The trust’s slow and steady exits hint at big plans on Gangwal’s end, even as IndiGo continues to rule the skies and the stock charts.

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Tags: Indigo, Rakesh gangwal, Stake sale, Interglobe aviation, Shareholding, Bulk deals,