GIC Private Limited, acting on behalf of the Government of Singapore (GOS) and MAS, has disclosed a change in its shareholding in InterGlobe Aviation Limited (IGL). This disclosure follows the open market sale of 485,902 equity shares on March 9, 2026. The transaction resulted in GIC’s total holding decreasing from 3.110% to 2.984% of the total share capital, triggering the mandatory disclosure requirement.
InterGlobe Aviation Shareholding Disclosure
GIC Private Limited (“GIC”), acting on account of the Government of Singapore (“GOS”) and the Monetary Authority of Singapore (“MAS”), has submitted a disclosure regarding a substantial acquisition/sale under the relevant regulations concerning InterGlobe Aviation Limited (the Target Company or TC).
Pre-Transaction Shareholding Snapshot
Prior to the sale under consideration, GIC’s total holding of shares carrying voting rights stood at 12,022,212 equity shares, representing 3.110% of the total share capital and 3.103% of the total diluted capital of the TC.
This prior holding was broken down as follows:
- GOS holding: 9,711,716 shares (2.512%)
- MAS holding: 2,310,496 shares (0.598%)
Details of Acquisition/Sale Transaction
The transaction detailed is a sale conducted via the Open Market Sale mode on March 9, 2026.
The total shares acquired/sold amounted to 485,902 equity shares, resulting in a reduction of 0.126% in the total shareholding percentage.
- Sale by GOS: 412,770 shares (0.107%)
- Sale by MAS: 73,132 shares (0.019%)
Post-Transaction Shareholding Status
Following the sale, GIC’s total holding in InterGlobe Aviation Limited stands at 11,536,310 equity shares. This constitutes 2.984% of the total share capital and 2.978% of the total diluted share capital.
The resulting holdings are:
- GOS holding: 9,298,946 shares (2.405%)
- MAS holding: 2,237,364 shares (0.579%)
Share Capital Context for Calculation
The calculations are based on the equity share capital figures provided by the TC. Before the sale, the capital was based on 386,590,598 equity shares (as per the Q3 FY26 filing). However, the TC subsequently disclosed an increase to 386,612,998 equity shares due to the exercise of stock options under the Employee Stock Option Scheme 2023, effective March 5, 2026. This latest publicly available figure was used for percentage calculations as required.
The total diluted share/voting capital after the transaction is stated as 387,385,063 equity shares, based on the Q3 FY26 disclosure.
Note on Prior Disclosures
It is noted that the previous disclosure made on December 13, 2024, indicated GIC held 19,323,529 shares (5.00%). Since that date, GIC sold shares in multiple non-reportable tranches until the latest sale on March 9, 2026, triggered the current disclosure requirement.
Signatories
The disclosure document was executed in Singapore on March 11, 2026, by authorized signatories Wong Hui Ping and Lim Bee Peng, Senior Vice Presidents in the Investment Services Public Market division.
Source: BSE
