Co-founder Rakesh Gangwal on Monday divested a 6 per cent stake in InterGlobe Aviation (Indigo) through bulk deals to mop up Rs 6,786 crore.
He sold 23 million shares at Rs 3,016 a piece, the data from the stock exchanges showed.
Morgan Stanley Asia picked up shares worth Rs 633 crore. Morgan Stanley, Goldman Sachs, and JP Morgan were the investment banks handling the share sale.
The company’s shares ended Monday’s session 3.63 per cent higher on the BSE at Rs 3,214.25.
Before the stake sale, the Gangwal family held about 25.2 per cent in Indigo, which operates the country’s largest airline, IndiGo.
