IndiGo share price drops 4% as Gangwal family sells 3.1% stake via block deal. InterGlobe Aviation sees short-term volatility despite strong Q1 FY26 operational performance. Get full details here.
New Delhi, Aug 28, 2025 – Shares of IndiGo’s parent company, InterGlobe Aviation, fell sharply on Thursday, dropping 4.3% to ₹5,771.50 per share. The fall comes after reports that the Gangwal family has sold 1.2 crore shares, or 3.13% stake, via a block deal.
According to CNBC-TV18, the deal is valued at around ₹7,084.6 crore, with a floor price of ₹5,830 per share, although an official confirmation from the company is yet to be made.
Earlier reports indicated that the Gangwal family intends to sell up to 3.1% stake in the airline via the block deal. These shares were available at a discount of about 4% compared to Tuesday’s closing price of ₹6,044.75, and the sellers have agreed to a lock-in period of 150 days for any future sale of shares.
Gradual exit of Gangwal family from IndiGo
Since stepping down from InterGlobe’s board in February 2022, Rakesh Gangwal has been gradually reducing his stake in the airline following governance differences with co-founder Rahul Bhatia. Over the past three years, the Gangwal family has earned over ₹45,300 crore through stake sales.
Some of the notable stake sales include:
- September 2022: 2.74% stake sold for ₹2,005 crore
- February 2023: 4% stake sold by wife Shobha Gangwal for ₹2,944 crore
- August 2023: Around 2.9% stake sold for over ₹2,800 crore
- August 2024: Family trust sells 5.2% stake worth ₹9,549 crore
After the latest block deal, the Gangwal Group is now left with 4.78% stake, valued at around ₹11,169 crore.
IndiGo’s operational and financial performance
Despite the recent stock market decline, IndiGo’s operational performance remains strong. In its Q1 FY26 results, the airline reported a 20% year-on-year decline in profit to ₹2,176 crore, while revenue grew 4.7%.
The decline in profitability was primarily due to rising fuel costs, currency fluctuations and other external challenges. However, the airline maintained a passenger load factor of 84.2% and on-time performance of 87.1%, reflecting its continued operational resilience.
Market Scenario and Investor Sentiment
Market analysts suggest that this block deal may lead to short-term volatility in InterGlobe Aviation’s stock price. Investors are advised to keep an eye on the company’s upcoming earnings reports, fuel price trends and foreign exchange fluctuations, which may further impact the stock’s performance.
Despite the temporary decline, IndiGo continues to be one of India’s largest and most profitable airlines, with strong fundamentals driving long-term growth.