InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, has firmly denied media reports claiming it is planning to sell a portion of its stake in the carrier. In an official statement, the company labelled such reports as “speculative” and “without factual basis.”
“Reports in some sections of the media on a stake sale by InterGlobe Enterprises are speculative and have no factual basis. InterGlobe Enterprises is firmly committed to oversee IndiGo’s long-term plans and currently, the airline’s next phase of growth remains our primary focus,” the company said.
The clarification follows widespread media speculation that InterGlobe was considering a block deal involving the sale of up to 4% of its stake in IndiGo, potentially raising up to $1 billion (approximately INR 8,600 crore).
As per a news story published by The Hindu, citing sources, IndiGo co-founder Rakesh Gangwal and his family trust have offloaded a 5.7% stake in the airline on May 27, 2025, for approximately INR 11,385 crore ($1.33 billion).
Industry analysts say that while stake sales by promoters often trigger speculation, InterGlobe’s public commitment may reassure investors of the group’s continued confidence in IndiGo’s long-term prospects.