The share prices of InterGlobe Aviation Limited have fallen today which is the parent company of India’s biggest flag carrier airline IndiGo. During the opening of today’s session, the shares of Interglobe Aviation fell by 2.5% while during intra day their share fell by almost 3%.
This came after the reports that The family of The Co-Founder Rakesh Gangwal decided to offload a 3.4% stake in a block deal. According to reports accessed by PTI, the Gangwal family plans to divest 1.32 cr of shares of IndiGo on 27th May 2025 through block deals in the BSE and the NSE. As per reports reports the deal is estimated to be around Rupees 6831 cr which is around 803 million dollars. This makes it one of the most significant deals in the aviation sector. Another contributing the fall in shares is because discount in floor price in the market. The shares would be sold at Rupees 5715 per share compared to yesterday’s price of Rupees 5420. The current price forms a discount of 4.5%.
Many reports also state that the prices of IndiGo shares have fallen because of a 150-day lock-up period which is a part of the deal, this lock-up has been imposed on the selling of shares by the shareholders and immediate family members.
While this is not the first time when the Gangwal family has sold their stakes, the family has trimmed its stake in the company from 37% to 13% before this the family had previously divested 5.24% of their shares in August of 2024 for Rupees 9549 crores and also the family in sold their shares in March 2024, February 2023 and September 2022. If we look at their share performance in the past 6 months, they have performed exceptionally well and it has gained almost 27% and delivered almost 18% returns to its investors in its previous quarter and showed a marginal uptick of almost 1.55%.
Let’s see what lies ahead for the aviation giant.
