Interglobe Aviation , the parent company of IndiGo Airlines, is set to witness another significant stake sale by its co-founder's family. The Rakesh Gangwal Family has announced plans to divest up to 3.1% of their stake in the company through block deals, continuing their phased exit strategy from the airline business.

Stake Sale Details

The upcoming stake sale has a floor price set at Rs 5,808.00 per share, signaling a potential substantial transaction in the market. This move is part of a larger divestment plan that Gangwal had initially announced in 2022, expressing his intention to gradually exit the airline business.

Recent Divestment History

The Gangwal family has been consistently reducing their stake in Interglobe Aviation over the past few years:

• The family executed five major stake sales.
• They divested more than 9% of their holdings, raising over Rs 12,900.00 crore.
• The most recent transaction involved a 3.4% equity stake sale for Rs 6,831.00 crore.

Current Shareholding Structure

The ownership structure of Interglobe Aviation stands as follows:

IndiGo's Financial Performance

While the stake sale news takes center stage, it's worth noting IndiGo's recent financial performance:

• The airline reported a net profit of Rs 2,176.00 crore, marking a 20% year-on-year decline.
• Despite the profit dip, revenues grew by 4.7% compared to the same period last year.

Operational Metrics

IndiGo continues to maintain strong operational performance:

• Passenger load factor stands at 84.2%.
• On-time performance is 87.1%.

Future Outlook

Looking ahead, IndiGo has expressed optimism about its growth trajectory, projecting double-digit Available Seat Kilometer (ASK) growth.

Boeing 777 Lease Extension

In a significant development, IndiGo has received a six-month extension from the Directorate General of Civil Aviation (DGCA) to continue operating two Boeing 777 aircraft wet-leased from Turkish Airlines until February 28, 2026. This extension follows a previous three-month approval granted on May 30, 2025, which was set to expire on August 31.

IndiGo has emphasized the importance of this approval, citing geopolitical challenges and its potential to mitigate losses to Indian aviation due to geopolitical restrictions. The extension is also expected to benefit travelers during peak travel seasons by ensuring direct connectivity to Istanbul.

The airline began operating the Turkish Boeing 777s on the Delhi-Istanbul route in February 2023 and has received multiple short-term extensions since late 2023. This latest extension highlights IndiGo's continued reliance on these aircraft for international operations, particularly in light of strong long-haul travel demand and the limited availability of its own widebody fleet.

In addition to the Boeing 777s, IndiGo has also leased six Boeing 787s from Norse Atlantic and placed an order for 60 Airbus A350s, though deliveries of the A350s have not yet commenced.

The upcoming stake sale by the Rakesh Gangwal Family is likely to attract significant attention from investors and market analysts, potentially impacting the stock's performance in the short term. However, the company's solid operational metrics, growth projections, and strategic moves like the Boeing 777 lease extension suggest a focus on maintaining its strong market position in the Indian aviation sector.

Interglobe Aviation , the operator of India's largest airline IndiGo, is set to witness a significant stake sale by its promoters. Co-founder Rakesh Gangwal and the Chinkerpoo Family Trust are planning to offload shares worth Rs 7,027.70 crore through a block deal, representing a 3.1% stake in the company.

Block Deal Details

The block deal is being managed by global investment banks Goldman Sachs, JPMorgan, and Morgan Stanley.

Promoter Shareholding

Currently, the promoters hold a 7.8% stake in Interglobe Aviation:

• Rakesh Gangwal: 4.73%
• Chinkerpoo Family Trust: 3.08%

Gangwal's Stake Reduction Plan

Rakesh Gangwal, who resigned from the company's board in February 2022, had previously announced his intention to gradually reduce his stake over a five-year period. Since then, he has raised approximately Rs 45,300.00 crore from various stake sales. After this transaction, Gangwal's remaining 4.78% stake is valued at around Rs 11,169.00 crore.

Stock Performance

Interglobe Aviation's stock has shown strong performance over the past year:

• Closed at Rs 6,050.00 (1.08% lower)
• 12-month gain: 28.19%
• Year-to-date gain: 32.84%

Analyst Recommendations

Out of 25 analysts covering the stock:

• 20 recommend 'Buy'
• 3 suggest 'Hold'
• 2 advise 'Sell'

The consensus price target stands at Rs 6,349.83, indicating a potential upside of 5% from the current levels.

This block deal represents a significant movement in Interglobe Aviation's ownership structure and may attract investor attention given the company's strong market position in India's aviation sector.