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Business
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Jun 13, 2025
IndiGo shares tumble amid promoter's billion-dollar stake sale
IndiGo's stock took a nearly 6% dip on Friday, landing at ₹5,175. The buzz? Its main promoter, InterGlobe Enterprises, is looking to sell about 4% of its stake—roughly $1 billion worth—through block deals. Right now, they own just over a third of the airline.
TL;DR
Gangwal's stake sale and rising oil prices
This move follows co-promoter Rakesh Gangwal steadily reducing his stake since 2022; he now holds only 7.8%. On top of that, rising oil prices and fresh geopolitical tensions are making investors nervous about airline profits overall. IndiGo hasn't said anything official yet about how this sale might affect things going forward.