IndiGo promoter Interglobe Enterprises may sell up to 4% stake via block deals: CNBC-TV18

IndiGo block deal

IndiGo's parent company Interglobe Enterprises is planning to sell up to 4 percent stake in the airline to raise nearly $1 billion (Rs 8,600 crore) through block deals, CNBC-TV18 reported on June 13, citing people familiar with the matter.

This comes after significant stake sales by IndiGo co-founder Rakesh Gangwal.

Rahul Bhatia, the co-promoter and managing director of InterGlobe Enterprises, is likely to be the seller in the block deal which is set to take place to exchanges, marking the second stake sale by Bhatia in just over a year.

Moneycontrol couldn't independently verify the news report.

Promoters and promoter groups held a 49.27 percent stake in InterGlobe Aviation - the parent company of budget airline IndiGo - as of March 2025. Interglobe Enterprises owned 35.71 percent stake in the company while Rakesh Gangwal and related entities held a 13.53 percent stake, as of March 2025.

Rahul Bhatia personally held 0.1 percent equity stake in the company at the end of the financial year 2025, according to data on IndiGo's shareholding pattern available on BSE.

IndiGo co-founder Rakesh Gangwal and related entities recently sold 5.8 percent stake in the aviation major on May 27. Gangwal has significantly reduced his stake in the company after announcing his gradual exit in 2022.

Also Read: IndiGo, SpiceJet fall up to 4% as Air India plane crash, crude oil spike rattle investors

IndiGo shares dropped over 4 percent on June 13 to trade at Rs 5,224 apiece. The stock accompanied its aviation peer SpiceJet in decline, following Air India’s plane crash in Ahmedabad and rising oil prices. Despite the recent fall, IndiGo shares have jumped over 14 percent in 2025 so far.

IndiGo’s net profit soared 62 percent on-year to Rs 3,068 crore in the fourth quarter of the financial year 2025. The company's revenue from operations grew 24 percent to Rs 22,151.9 crore from Rs 17,825.3 crore last fiscal. The carrier's EBITDAR (earnings before interest, tax, depreciation, amortisation and rent) jumped to Rs 6,948.2 crore as against Rs 4,412.3 crore a year back, while its margin increased to 31.4 percent from 24.8 percent.