InterGlobe Aviation Shares Drop Nearly 4% as Gangwal Family Sells Rs 7,020 Crore Stake
By HDFC Sky | Published at: Aug 28, 2025 11:42 AM IST
August 28, 2025 – On Thursday, shares of InterGlobe Aviation (IndiGo) fell nearly 4% after the Rakesh Gangwal family trust initiated a block deal to sell a maximum of 3.1% stake, valued at approximately ₹7,020 crore. The stock was trading at ₹5792 at 11:00 AM, down close to 4.26% or ₹250 from the last close of ₹6,050.
Block deal details
On August 28, 2025, InterGlobe Aviation will undergo a major block deal, selling up to a 3.1% stake, worth approximately ₹7,020 crore. The shares will have a floor price of ₹5,808, which is approximately 4% lower than the previous close.
Market Snapshot
As mentioned before, the stock traded at ₹5,792, down 4.26% from its previous close. The share opened at ₹5,875, making a high of ₹5,875 and a low of ₹5,790 (11:00 AM). A total volume traded of 12.9 million shares worth ₹7,527.52 crore with a VWAP of ₹5,816.61. The market capitalization was ₹2.24 lakh crore, with a 52-week range of ₹6,232.50 (as of August 18, 2025) to ₹3,780 (as of October 28, 2024).
The order book showed significant movement in the stock, with a buy quantity of 9.60 lakh shares and a sell quantity of 3.34 lakh shares.
Continuing Stake Cut
The Gangwal family has been consistently cutting down its stake since 2022, generating more than ₹45,300 crores through a series of block deals, including those in September 2022, February 2023, August 2023, August 2024, and a final block deal in May 2025. After this transaction, their stake will decrease to 4.78%, resulting in a total of approximately ₹11,169 crores.
Impact on Investors
The block deal suggests a promoter exit risk, which may create some near-term volatility. However, it could help steady institutional interest at discounted levels in the coming quarters, while providing longer-term investors with an optional buying opportunity.
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