The floor price for the transaction has been set at Rs 5,808 per share, according to market reports.
This stake sale is part of a phased dilution plan announced back in 2022, when Rakesh Gangwal indicated his intention to exit the airline business. Since then, the family has conducted a series of share disposals.
Between 2023 and May 2025, the Gangwal family completed five major stake sales, divesting more than 9% in 2025 alone, raising over Rs 12,900 crore. The most recent transaction in May saw a 3.4% equity stake sold for Rs 6,831 crore.
Global investment banks, including Goldman Sachs, Morgan Stanley, and JPMorgan, have been actively involved in facilitating these deals.
As of June 2025, IndiGo’s promoters and promoter group together held 43.53% of the total share capital.Within this, Rakesh Gangwal himself owned 4.73%, while the family entity, The Chinkerpoo Family Trust, held about 3.08%.
IndiGo Q1 results
On the operational front, IndiGo recently reported a 20% year-on-year drop in net profit for the first quarter of FY26, with earnings at Rs 2,176 crore, even though revenues grew 4.7%
Rising fuel costs, currency pressures, and other external headwinds weighed on profitability.
However, the airline continues to outperform industry standards, with a passenger load factor of 84.2% and an on-time performance of 87.1%.
Looking ahead, IndiGo expects a double-digit growth in Available Seat Kilometres (ASK) in FY26. Out of its 439 aircraft fleet, 50 are currently grounded, but the airline plans to induct about 50 new planes next fiscal year.
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Management also highlighted the international segment as a key growth driver, forecasting that 40% of ASK will come from international routes by FY30, up from 28% in FY25.
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