Overview

• Up to 1.21 crore shares will be offered at Rs 5,808 apiece, valuing the tranche at about Rs 7,028 crore at a roughly 3–4% discount to the last close.
• Goldman Sachs, Morgan Stanley and JPMorgan are arranging the fully secondary sale through block deals on the NSE and BSE.
• Deal terms include a 150-day lock-up on further sales, with one permitted negotiated transfer of at least $300 million at or above the offer price if the buyer accepts the lock-up.
• The Gangwal family’s holding is poised to fall from about 7.81% to roughly 4.7–4.78% once the transaction clears.
• The move extends a multi-year exit that has raised roughly Rs 45,300 crore since 2022, while IndiGo shares slipped about 1.08% on Tuesday.