IndiGo Shares Fall as Gangwal Family Cuts Stake

InterGlobe Aviation (IndiGo) shares dropped over 4% to ₹5,769 on August 28 after the Rakesh Gangwal family likely sold a 3.1% stake via a ₹7,085 crore block deal. This continues their gradual exit, with holdings now at 4.78%. Since 2022, the family has raised over ₹45,300 crore by trimming stakes.