InterGlobe Aviation Limited, IndiGo's parent company, rejected recent reports in the media that it is planning to offload part of its holding to raise $1 billion.
Issuing an official statement, the company has referred to the reports as "speculative" and claimed that they were "lacking any factual foundation."
InterGlobe reasserted its unequivocal commitment to IndiGo and its vision for long-term growth.
"InterGlobe Enterprises remains strongly committed to take care of IndiGo's long-term strategy and at present, the airline's growth phase next is our top priority," the statement said.
The clarification came in wake of rumors that InterGlobe was mulling a block deal of up to 4 percent stake sale in IndiGo—potentially raising around $1 billion or ₹8,600 crore.
A few of the reports also mentioned that Rahul Bhatia, the co-promoter and Managing Director of InterGlobe Enterprises, could sell the stake.
If true, that would have been Bhatia's second sale in little more than a year. In June 2024, he had sold a 2 percent stake in IndiGo, about 77.2 lakh shares, for ₹3,292 crore. Proceeds of that transaction were apparently invested in InterGlobe's hospitality and related businesses.
Meanwhile, co-founder Rakesh Gangwal has been gradually selling down his interest in the airline over the last few years. In May 2025, Gangwal sold 5.7 percent of his shares through a block deal.
His family's total stake in IndiGo has since fallen to 7.8 percent, a sharp decline from the roughly 37 percent they owned prior to 2020. Gangwal had earlier made it public that he wanted to completely withdraw from the company.
In spite of the buzz in the market, InterGlobe Aviation shares witnessed increases on Monday, closing at ₹5,390—up ₹128 or 2.43 percent—on the National Stock Exchange (NSE).
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