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Gangwal nets $501 mn in downsized IndiGo sale
Mint Chennai
|August 29, 2025
Billionaire Rakesh Gangwal's latest attempt to pare his stake in IndiGo faced a surprise on Thursday, as the size of his share sale was reduced—a rare move for IndiGo, whose stock ranks among the world's most valuable airlines.
Gangwal and the Chinkerpoo Family Trust offloaded 7.56 million shares or 1.96% stake in the low-cost carrier, raising about ₹43.9 billion, according to the terms of the deal seen by Bloomberg News on Thursday. This is less than the earlier plan to sell 12.1 million shares worth over $800 million, the terms showed.
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