Archive · 2 Jun 2025
IndiGo Co-founder Rakesh Gangwal Raises ₹40,000 Crore from Stake Sales
Rakesh Gangwal, one of the people who started IndiGo, has been selling his shares in the company over the last three years.
He and his family have made a lot of money doing this, nearly ₹40,000 crore in total.
The most recent sale happened on Tuesday, with the family selling shares for about ₹12,000 crore.
They started selling in 2022, and the price of the shares has gone up since then.
After all these sales, the family still owns a significant part of the company, worth around ₹16,000 crore.
Rakesh Gangwal and family have sold multiple stakes in IndiGo's parent company, InterGlobe Aviation, over the last three years.
The most recent sale on May 27, 2025, involved approximately 5.7% of the equity and raised nearly ₹12,000 crore.
The first major stake sale occurred in September 2022, followed by sales in February and August 2023.
Further sales took place in March and August 2024, with prices steadily increasing.
The total amount raised from these sales is close to ₹40,000 crore.
- Who
- Rakesh Gangwal and family, InterGlobe Aviation (IndiGo).
- What
- Sale of IndiGo shares by Rakesh Gangwal and family.
- When
- Multiple sales from September 2022 to May 2025.
- Where
- Not specified
- Why
- To raise capital.
- Company
- InterGlobe Aviation (IndiGo)
- Seller
- Rakesh Gangwal and family
- Total Raised
- ₹40,000 crore (approx.)
- Latest Sale Date
- May 27, 2025
- Latest Sale Amount
- ₹12,000 crore (approx.)
- Family's Remaining Stake Value
- ₹16,000 crore (approx.)
Sources
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