IndiGo Shares Dip as Co-Founder Gangwal Sells 5.8% Stake

InterGlobe Aviation shares fell over 3% after Rakesh Gangwal sold 2.26 crore shares via a Rs 11,928 crore block deal. The sale, managed by top global banks, is part of Gangwal’s phased exit. Despite the dip, IndiGo posted a strong Q4 profit of Rs 3,067.5 crore on robust domestic demand.