IndiGo promoter likely to sell 4% stake for $1 billion via block deal: Report

According to the report, Rahul Bhatia, the co-promoter and Managing Director of InterGlobe Enterprises, is likely the seller in the deal. If it comes to fruition, this will mark Bhatia’s second sale in over a year. In June 2024, Bhatia sold about a 2% stake (77.2 lakh shares) in Indigo for ₹3,292 crore to fund Interglobe’s hospitality and other businesses.

In May 2025, IndiGo’s co-founder Rakesh Gangwal offloaded 5.7% of his stake in the airline through a block deal. Gangwal and family have been selling their stakes in the aviation company since 2020, when Rakesh Gangwal announced his intention to leave the company. The family’s stake in the company stood at 7.8% after the May block deal, compared to about 37% the Gangwal family trust held before the post-2020 sell-offs.

However, the scrip closed in the green at ₹5,262 per share, up 3.62% on Friday.

The stock of Interglobe Aviation, Indigo’s parent company, slumped 3.99% over the week and 1.28% since the beginning of June. The share has gained 2.87% so far in the first quarter of FY26 and 15.54% on a year-to-date basis.

The aviation stock hit a 52-week high of ₹5,729 on June 10, 2025, and a low of ₹3,780 on October 28, 2024.

Indigo has a total market capitalisation of ₹2.04 lakh crore, as of June 13, 2025, on the NSE.