InterGlobe Aviation, the parent company of IndiGo Airlines, saw its shares fall by more than 3% in early trade after co-founder Rakesh Gangwal sold a 5.8% stake through a large block deal. The sale involved 2.26 crore shares and fetched \u20b911,928 crore, according to a report by CNBC-TV18.<\/p>\n\n\n\n
The shares were sold at a floor price of \u20b95,260 each, which is around 3% lower than the previous closing price. Global investment banks like Goldman Sachs, Morgan Stanley, and JPMorgan were involved in managing the deal.<\/p>\n\n\n\n
Gangwal had earlier resigned from IndiGo’s board in 2022 and had announced his intention to gradually reduce his stake in the airline. Even after resigning, he has remained one of the biggest shareholders of the company.<\/p>\n\n\n\n
This share offering follows soon after IndiGo reported robust financial results in the January-March 2025 quarter. The airline has reported a net profit of \u20b93,067.5 crore, significantly above the \u20b91,894.8 crore of the corresponding quarter a year ago. It was the second consecutive profitable quarter of IndiGo, fueled by robust demand in the domestic segment.<\/p>\n\n\n\n
Indigo’s operational revenue increased by 24% to \u20b922,151.9 crore, marginally short of market estimates of \u20b922,500 crore. The airline’s EBITDAR also rose to \u20b96,948.2 crore from \u20b94,412.3 crore a year earlier. The margin rose to 31.4% from 24.8% over the comparable period.<\/p>\n\n\n\n
At 9:20 AM on May 27, shares of IndiGo were trading at a price of \u20b95,294, down 2.4% from the closing of the last day. Nonetheless, the share has been in a robust uptrend in 2025 and has risen by a near 20% year to date.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> InterGlobe Aviation, the parent company of IndiGo Airlines, saw its shares fall by more than 3% in early trade after co-founder Rakesh Gangwal sold a 5.8% stake through a large block deal. The sale involved 2.26 crore shares and fetched \u20b911,928 crore, according to a report by CNBC-TV18. The shares were sold at a floor […]<\/p>\n","protected":false},"author":1,"featured_media":6990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1202],"class_list":["post-6989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-indigo-block-deal"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6989"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6989\/revisions"}],"predecessor-version":[{"id":6991,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6989\/revisions\/6991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6990"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"