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Jun 16, 2025
InterGlobe refutes IndiGo stake sale speculation
InterGlobe Enterprises, which owns a big chunk of IndiGo, says the buzz about selling a 4% stake is just "speculative" and not based on facts. This comes after reports claimed a $1 billion deal might be in the works.
TL;DR
Bhatia's stake sale sparks buzz
Recently, co-founder Rakesh Gangwal trimmed his holding from over 36% to under 8%, sparking chatter about what's next for IndiGo. InterGlobe still holds around 36%, but people are watching closely after these big moves.
InterGlobe denies rumor, stock jumps
Once InterGlobe denied the rumor, IndiGo's stock jumped 2%. Since Bhatia's previous stake sale in June 2024, shares have climbed over 20%. Still, with rising oil prices and global tensions making things tricky for airlines in India, investors are keeping an eye out for any changes.