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HomeMarket NewsInterglobe Aviation shares worth ₹5,135 crore change hands; Rakesh Gangwal likely seller
With this stake sale, Gangwal and Trust will hold a 4.7% stake in Interglobe Aviation, while Rahul Bhatia and Interglobe Enterprises will hold a 35.73% stake.
Shares of Interglobe Aviation Ltd., parent company of India's largest airline IndiGo, fell as much as 5% after a large deal that took place in the stock on Thursday, August 28.
As many as 2.35% of the total equity or 91 lakh shares of Interglobe Aviation changed hands as soon as markets opened on Thursday. The shares changed hands at an average price of ₹5,838 per share, which takes the total transaction value to ₹5,135.5 crore.
CNBC-TV18 had earlier reported that Rakesh Gangwal, and the Chinkerpoo Family Trust are likely to be the sellers in this transaction.
The earlier deal size was for a 3.1% stake, amounting to ₹7,027 crore. However, the Bloomberg data shows one large trade of 2.2% equity being executed. This shows the deal being downsized from 3.1% of the outstanding equity to 2.2%.
With this stake sale, Gangwal and Trust will hold a 4.7% stake in Interglobe Aviation, while Rahul Bhatia and Interglobe Enterprises will hold a 35.73% stake.
Shares of Interglobe Aviation are trading 4.3% lower on Thursday, at ₹5,783. The stock has remained flat in the last one month, but has gained over 25% so far in 2025.
