IndiGo Share Price Dips 4% as Gangwal Family Sells 3.1% Stake in Block Deal | Stock Market Today

Market Performance

The stock market today saw notable action in aviation counters, with IndiGo share price taking a sharp knock. Shares of InterGlobe Aviation, the parent company of IndiGo, slipped as much as 4.30% to ₹5,771.50 apiece during Thursday’s session. The decline followed reports that the Gangwal family executed a large block deal, trimming their stake in the airline.

Main News

The block deal involved the sale of 1.2 crore shares, translating to a 3.13% equity stake in IndiGo. According to exchange updates, the shares were sold at ₹5,830 per piece, valuing the entire deal at a hefty ₹7,084.6 crore.

• Floor Price: ₹5,808 per share
• Discount: Nearly 4% compared to Tuesday’s closing of ₹6,044.75
• Lock-in: Sellers agreed to a 150-day restriction on further share sales

This transaction comes close on the heels of earlier reports that hinted at a possible 3.1% stake sale.

Company Details

The Gangwal family has been gradually paring down its stake since 2022, when co-founder Rakesh Gangwal stepped off the InterGlobe board amid governance disputes. Since then, the family has raised over ₹45,300 crore from multiple stake sales.

Here’s a timeline of their key exits:

• September 2022: 2.74% stake sold for ₹2,005 crore
• February 2023: 4% stake offloaded by Shobha Gangwal for ₹2,944 crore
• August 2023: Nearly 2.9% sold, generating slightly over ₹2,800 crore
• August 2024: Family trust divested 5.2% worth ₹9,549 crore

After this latest transaction, the Gangwal Group’s holding has come down to 4.78%, valued at about ₹11,169 crore.

IndiGo Q1 Results FY26

Amid these stake sale developments, IndiGo’s financials for Q1 FY26 also drew investor attention. The airline posted a 20% year-on-year drop in net profit, settling at ₹2,176 crore, despite a 4.7% rise in revenue.

Key figures at a glance:

• Net Profit: ₹2,176 crore (down 20% YoY)
• Revenue Growth: +4.7% YoY
• Passenger Load Factor (PLF): 84.2%
• On-Time Performance (OTP): 87.1%

The profit dip was largely attributed to rising fuel costs, unfavorable currency movements, and global operating pressures.

Summary

• IndiGo share price tumbled up to 4.30% intraday after the Gangwal family sold a 3.13% stake via a ₹7,084.6 crore block deal.
• The shares were sold at ₹5,830 apiece, around a 4% discount to the last closing.
• With this sale, the Gangwal family’s holding reduces to 4.78% in IndiGo.
• Meanwhile, IndiGo reported a 20% drop in Q1 FY26 profit despite revenue growth, underscoring cost pressures in the aviation sector.

The day’s moves underline the twin themes for IndiGo—promoter stake reduction and margin pressures—both of which are shaping near-term sentiment around the stock.