The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Gangwal
INDIGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rakesh Gangwal, co-promoter of IndiGo (InterGlobe Aviation), sold 7,56,000 equity shares (0.20% of total share capital) through an on-market transaction on 28 August 2025. His holding dropped from 1,82,86,493 shares (4.73%) to 1,75,30,493 shares (4.54%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations. No shares are pledged or encumbered. The Persons Acting in Concert include Shobha Gangwal, The Chinkerpoo Family Trust, and Dr. Asha Mukherjee.
This is a small, routine promoter trimming of just 0.20% stake and is unlikely to have a meaningful impact on the stock price. It signals mild profit-taking but no change in promoter's long-term commitment, as Gangwal continues to hold over 4.5% of IndiGo.