Rakesh Gangwal Sells IndiGo Stake

Rakesh Gangwal, co-founder of IndiGo, and the Chinkerpoo Family Trust sold a 5.7% stake in IndiGo, the parent company of IndiGo, for approximately Rs 11,385 crore ($1.33 billion) through a block deal on May 27, 2025. This transaction, managed by Goldman Sachs, Morgan Stanley, and JPMorgan Chase, is part of Gangwal's ongoing divestment from IndiGo following a dispute with co-founder Rahul Bhatia over corporate governance issues that began in February 2022. The shares were sold at a discount to the previous day's closing price, and the deal includes a 150-day lock-up period for the sellers. This sale is expected to enhance IndiGo's free float and liquidity, potentially increasing its appeal to institutional investors.