INDIGO

IndiGo's parent company Interglobe Enterprises is planning to sell up to 4 percent stake in the airline to raise nearly $1 billion (Rs 8,600 crore) through block deals, CNBC-TV18 reported on June 13, citing people familiar with the ***** comes after significant stake sales by IndiGo co-founder Rakesh Gangwal. Rahul Bhatia, the co-promoter and managing director of InterGlobe Enterprises, is likely to be the seller in the block deal which is set to take place to exchanges, marking the second stake sale by Bhatia in just over a ***** and promoter groups held a 49.27 percent stake in InterGlobe Aviation - the parent company of budget airline IndiGo - as of March 2025. Interglobe Enterprises owned 35.71 percent stake in the company while Rakesh Gangwal and related entities held a 13.53 percent stake, as of March 2025.