NewKerala.com

Key Points

IndiGo’s parent company InterGlobe has dismissed reports of a $1 billion stake sale as baseless. The airline reaffirmed its commitment to long-term growth, countering speculation about co-promoter Rahul Bhatia selling a 4% stake. Meanwhile, co-founder Rakesh Gangwal continues reducing his holdings, now down to 7.8%. Despite the rumors, IndiGo shares closed higher on Monday.

Key Points: IndiGo Denies Reports of $1 Billion Stake Sale by Rahul Bhatia

  • InterGlobe denies $1B stake sale reports as speculative
  • Rahul Bhatia previously sold 2% stake in 2024
  • Rakesh Gangwal continues reducing IndiGo holdings
  • IndiGo shares rise despite sale speculation
2 min read

IndiGo denies reports on 4 pc stake sale to raise $1 billion

IndiGo parent InterGlobe dismisses speculation of a 4% stake sale by Rahul Bhatia, reaffirming commitment to airline’s long-term growth.

"“InterGlobe Enterprises is firmly committed to oversee IndiGo's long-term plans and currently, the airline's next phase of growth remains our primary focus.” – InterGlobe Statement"

New Delhi, June 16

InterGlobe Enterprises, the parent company of IndiGo, on Monday denied media reports which claimed that the budget airline is planning to sell a part of its stake to raise $1 billion.

In a statement, the company called such reports ‘speculative’ and said they have ‘no factual basis.’

InterGlobe clarified that it remains fully committed to IndiGo and its long-term growth plans.

“InterGlobe Enterprises is firmly committed to oversee IndiGo's long-term plans and currently, the airline's next phase of growth remains our primary focus,” the statement read.

The clarification came after some news reports claimed that InterGlobe was looking to offload up to a 4 per cent stake in IndiGo via block deals, which could raise around $1 billion or Rs 8,600 crore.

These reports also suggested that Rahul Bhatia, the co-promoter and Managing Director of InterGlobe Enterprises, could be the seller.

This would have been Bhatia’s second stake sale in a little over a year. In June 2024, he had sold a 2 per cent stake -- around 77.2 lakh shares -- in IndiGo for Rs 3,292 crore.

That money was reportedly used to support InterGlobe’s hospitality and other businesses.

Meanwhile, IndiGo’s other co-founder Rakesh Gangwal has already been reducing his stake in the airline over the past few years.

In May 2025, Gangwal sold 5.7 per cent of his shares through a block deal. His family’s total holding in the company now stands at 7.8 per cent, down from about 37 per cent before 2020. Gangwal had earlier announced his plan to exit the airline.

Despite the speculation, InterGlobe Aviation Limited shares closed higher on Monday. The shares finished the intra-day trade at Rs 5,390, up by Rs 128 or 2.43 per cent on the National Stock Exchange (NSE).

- IANS

Share this article:

Reader Comments

R
Rahul K.
IndiGo has been India's most reliable airline for years. If they say the reports are false, I believe them. Their track record speaks for itself. Hope they continue their excellent service without any distractions! ✈️
P
Priya M.
Interesting how the stock price went up despite these rumors. Shows investor confidence in IndiGo's management. But founders selling stakes gradually does make me wonder about their long-term vision for the company.
A
Amit S.
Media should be more responsible before publishing such speculative reports. It creates unnecessary panic among small investors like me who have put money in IndiGo shares.
S
Sunita R.
Whether true or not, one thing is certain - IndiGo needs to focus more on customer service. Their on-time performance is great but ground staff could be more helpful. Still my preferred airline though!
V
Vikram J.
The aviation sector is booming in India. Even if founders are exiting gradually, IndiGo has strong fundamentals. Maybe they're making space for new investors who can bring fresh capital for expansion.
N
Neha P.
I just hope IndiGo maintains its low-cost model. That's what made them successful. Too much stake sale might lead to changes in their core business strategy, which would be bad for common flyers like us.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50