The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GIC Pvt Ltd
INDIGO · price
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Awaiting price reaction for this filing.
GIC Private Limited, acting on behalf of the Government of Singapore and the Monetary Authority of Singapore, sold 485,902 equity shares (about 0.126% of share capital) of InterGlobe Aviation through an open market transaction on 9 March 2026. After the sale, GIC's total holding in InterGlobe Aviation stands at 11,536,310 shares, or 2.984% of the company's total share capital, down from 3.110% before the transaction. GIC is not a promoter of the company and is classified as a foreign institutional investor. This disclosure was triggered under SEBI Takeover Regulations because the cumulative reduction in GIC's holding crossed the reporting threshold.
This is a minor reduction in FII (GIC) ownership by roughly 0.13 percentage points via an open market sale, so the direct stock price impact is likely small. However, it signals that a significant long-term foreign investor is gradually trimming its position, which is worth monitoring for sentiment.