Did IndiGo Really Plan to Sell 4% Stake for $1 Billion?
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Synopsis
InterGlobe Aviation Limited has dispelled rumors of selling a part of its stake in IndiGo to raise $1 billion. With a focus on long-term growth, the company assures its commitment to the airline's future, even as speculation continues around key stakeholders reducing their holdings. Read on to find out more about this developing story.
Key Takeaways
- InterGlobe Aviation denies stake sale rumors
- Commitment to long-term growth emphasized
- Speculative reports around co-founders' stake sales
- IndiGo shares rise despite market speculation
- Focus remains on airline’s future strategies
New Delhi, June 16 (NationPress) InterGlobe Aviation Limited, the parent company of IndiGo, has on Monday refuted claims from media outlets that suggested the budget airline is contemplating a sale of a portion of its stake in order to generate $1 billion.
In an official statement, the company deemed these claims as ‘speculative’ and asserted they have ‘no factual basis.’
InterGlobe emphasized its unwavering commitment to IndiGo and its long-term growth strategies.
“InterGlobe Enterprises remains steadfast in overseeing IndiGo's future plans, and the airline's next growth phase continues to be our top priority,” the statement elaborated.
This clarification followed reports that suggested InterGlobe might be aiming to divest up to a 4 per cent stake in IndiGo through block transactions, potentially raising approximately $1 billion or Rs 8,600 crore.
These reports also mentioned that Rahul Bhatia, the co-promoter and Managing Director of InterGlobe Enterprises, could be the one selling.
This would mark Bhatia’s second stake sale in just over a year. In June 2024, he had offloaded a 2 per cent stake—approximately 77.2 lakh shares—in IndiGo for Rs 3,292 crore.
That capital was reportedly allocated to support InterGlobe’s hospitality and other ventures.
On a related note, IndiGo’s other co-founder Rakesh Gangwal has been gradually decreasing his stake in the airline over the last few years.
In May 2025, Gangwal sold 5.7 per cent of his shares through a block deal. His family’s total holding in the company has now reduced to 7.8 per cent, down from nearly 37 per cent prior to 2020. Gangwal has previously indicated his intention to exit the airline.
Despite the swirling speculation, shares of InterGlobe Aviation Limited saw an uptick on Monday, closing higher. The shares ended the intra-day trade at Rs 5,390, increasing by Rs 128 or 2.43 per cent on the National Stock Exchange (NSE).
Point of View
It is crucial to scrutinize the noise surrounding IndiGo's stake sale rumors. With InterGlobe Aviation firmly denying these claims, it reinforces the importance of relying on credible sources for financial news. The airline's focus remains on growth, which is essential for the aviation sector's recovery. As always, NationPress stands for integrity in reporting.
NationPress
16/06/2025
Frequently Asked Questions
What did InterGlobe Aviation say about the stake sale rumors?
InterGlobe Aviation categorically denied the media reports regarding a potential stake sale, labeling them as speculative and without factual basis.
How much stake was rumored to be sold?
The reports suggested that InterGlobe might sell up to a 4% stake in IndiGo.
Who is Rahul Bhatia?
Rahul Bhatia is the co-promoter and Managing Director of InterGlobe Enterprises.
What is Rakesh Gangwal's stake status in IndiGo?
Rakesh Gangwal has been gradually reducing his stake in IndiGo and recently sold 5.7% of his shares.
How did IndiGo's shares perform amidst the rumors?
Despite the speculation, shares of InterGlobe Aviation Limited closed higher, indicating market confidence.
