IndiGo Denies Reports On 4% Stake Sale To Raise $1 Billion

New Delhi: InterGlobe Aviation Limited, the dad or mum corporate of IndiGo, on Monday denied media studies claiming that the funds airline is making plans to promote part of its stake to boost $1 billion. In a observation, the corporate known as such studies ‘speculative’ and mentioned they have got ‘no factual basis.’ InterGlobe clarified that it stays absolutely dedicated to IndiGo and its long-term expansion plans.

“InterGlobe Enterprises is firmly committed to overseeing IndiGo’s long-term plans and currently, the airline’s next phase of growth remains our primary focus,” the observation learn. The explanation got here after some information studies claimed that InterGlobe used to be having a look to dump as much as a 4 according to cent stake in IndiGo by means of block offers, which might carry round $1 billion or Rs 8,600 crore.

These studies additionally prompt that Rahul Bhatia, the co-promoter and Managing Director of InterGlobe Enterprises, may well be the vendor. This would had been Bhatia’s 2nd stake sale in a bit of over a 12 months. In June 2024, he had bought a 2 according to cent stake — round 77.2 lakh stocks — in IndiGo for Rs 3,292 crore.

That cash used to be reportedly used to toughen InterGlobe’s hospitality and different companies. Meanwhile, IndiGo’s different co-founder Rakesh Gangwal has already been lowering his stake within the airline during the last few years.

In May 2025, Gangwal bought 5.7 according to cent of his stocks via a block deal. His circle of relatives’s general keeping within the corporate now stands at 7.8 according to cent, down from about 37 according to cent ahead of 2020. Gangwal had previous introduced his plan to go out the airline.

Despite the idea, InterGlobe Aviation Limited stocks closed upper on Monday. The stocks completed the intra-day business at Rs 5,390, up by means of Rs 128 or 2.43 according to cent at the National Stock Exchange (NSE).