Overview

• Rakesh Gangwal and the Chinkerpoo Family Trust sold up to 1.21 crore shares, or about 3.1% of InterGlobe Aviation, at a Rs 5,808 floor price in a secondary block sale worth roughly Rs 7,028 crore.
• Goldman Sachs, Morgan Stanley and JPMorgan managed the transaction, and the sellers agreed to a 150‑day lock‑up on further disposals.
• Following the deal, the Gangwal family’s combined holding falls to about 4.71% from 7.81% at June-end.
• IndiGo shares dropped around 4–5% in early trade on heavy turnover, with NSE trading value reported above Rs 8,000 crore.
• The sale continues a phased divestment begun in 2022, as investors assess a recent quarter of lower net profit alongside guidance for operational stabilization and international growth.