IndiGo co-founder to sell about $1.4 billion of airline's shares, term sheet shows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
0mins
Source: Reuters
Stake Sale Announcement: Rakesh Gangwal, co-founder of IndiGo, plans to sell up to 5.7% of the airline through a block deal valued at approximately $1.4 billion, with a floor price set at 5,175 rupees per share.
Share Details and Management: The sale will involve up to 22 million shares, an increase from the initially proposed 13.2 million shares, with Goldman Sachs, Morgan Stanley, and JPMorgan managing the transaction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
