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
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Should l Buy ?
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.
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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.
