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Business • Jun 13, 2025

InterGlobe Aviation prepares for $1 billion block deal

InterGlobe Aviation, which runs IndiGo, is looking to sell up to 4% of its shares in a big block deal—potentially bringing in nearly $1 billion (around ₹8,600 crore). This move follows co-promoter Rahul Bhatia's earlier sale of a 2% stake a year ago in June 2024.

TL;DR

IndiGo has over 50% market share

IndiGo has been ramping up flights to keep up with more people traveling, both within India and abroad. The airline's share price has jumped over 20% since June 2024. Meanwhile, co-founder Rakesh Gangwal recently sold a 5.72% stake for ₹11,564 crore. With over half the Indian aviation market under its wing, IndiGo remains the country's top airline.