Gangwal family trust sells 1.3% in IndiGo parent for Rs 2,933 crore

Rakesh Gangwal's family trust divested a 1.3% stake in InterGlobe Aviation, IndiGo's parent company, for ₹2,933.4 crore through bulk deals. This sale is part of a phased exit strategy initiated after Gangwal stepped down from the board in February 2022. Shares of IndiGo closed lower following the transaction, though the stock has outperformed its benchmark index year-to-date.