New Delhi: InterGlobe Aviation Limited, the parent company of IndiGo, has firmly denied media reports suggesting a 4% stake sale to raise $1 billion (approximately Rs 8,600 crore). Labeling the claims as "speculative" and baseless, the company reaffirmed its commitment to IndiGo's long-term growth strategy.
In a statement, InterGlobe Enterprises emphasized, "We are fully focused on IndiGo's next phase of growth, with no plans for a stake sale." The clarification addressed rumors that co-promoter Rahul Bhatia was planning to offload shares through block deals, following his June 2024 sale of a 2% stake (77.2 lakh shares) for Rs 3,292 crore, which supported InterGlobe's hospitality and other ventures.
Meanwhile, co-founder Rakesh Gangwal has been steadily reducing his stake, with a 5.7% share sale in May 2025, bringing his family's holding to 7.8% from 37% pre-2020. Gangwal has previously signaled his intent to exit the airline.
Despite the rumors, IndiGo shares surged, closing at Rs 5,390 on the NSE, up 2.43% or Rs 128, reflecting investor confidence.
No comments: