Citi buys ₹1,362 crore of IndiGo shares after founder Bhatia trims stake
What's the deal? Citigroup, through its affiliate Citigroup Global Markets India, has acquired shares in InterGlobe Aviation, which operates IndiGoDealroom has a profile for this one. Try Dealroom → Airlines, in open market transactions worth ₹1,362 crore.
Why now? The purchase follows IndiGo co-founder Rahul Bhatia's divestment of a 2% stake in the airline, which fetched roughly ₹3,367.30 crore.
Who advised? JSA advised InterGlobe Enterprises, with a team led by partners Madhurima Mukherjee Saha and Shivali Singh, and associate Rishika Kharbanda.
IndusLaw advised Citigroup Global Markets India, fielding partners Vishal Yaduvanshi and Priyadarshini Rao, and associate Abishek Sankar. A&O Shearman also advised Citi on the deal.
The signal: The transaction marks a shift in IndiGo's shareholding, shaped by Bhatia's own moves. It reflects continued interest from major financial institutions in India's aviation sector.
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