ITC, Bharti Airtel and 3 More Corporates Saw Promoter Exit in May 2025: Do You Own Any?

May 2025 marked a significant shift in India’s corporate landscape, with a noticeable uptick in promoter exits across several listed companies. As regulatory scrutiny tightens and capital markets evolve, a new wave of professional management is beginning to reshape corporate governance. This trend, driven by a mix of strategic realignments, succession challenges, and private equity influence, signals a departure from traditional promoter-led structures. 

5 Stocks Which Saw Promoter Stake Sale

InterGlobe Aviation

InterGlobe Aviation (IndiGo) is India’s largest passenger airline, operating under a low-cost carrier model. With a network spanning 86 destinations—24 of which are international—it offers a streamlined, no-frills service focused on its core brand promise: “low fares, on-time flights, and courteous, hassle-free service.”

According to news reports, on May 27, 2025, InterGlobe Aviation’s promoter, Rakesh Gangwal, along with his family trust, divested a 5.7% stake in the airline, raising approximately ₹11,385 crore (USD 1.33 billion) through a block deal.

ITC

ITC Limited is India's largest manufacturer and seller of cigarettes, with a diversified presence across four key business segments. Recently, British American Tobacco (BAT)—a significant stakeholder in ITC—had initially announced plans to divest a 2.3% stake by selling 290 million shares, valued at approximately $1.36 billion.

However, according to news reports, the final transaction exceeded initial expectations, with 313 million shares sold, representing about 2.5% of ITC’s total equity.

Bharti Airtel

Bharti Airtel Ltd is one of the world’s leading telecommunications service providers, with operations across 18 countries, including India, Sri Lanka, and 14 nations in Africa. In a recent block deal, Singtel offloaded approximately 3.1 crore shares, representing a 1.3% stake in Bharti Airtel. The transaction was executed at a floor price of ₹1,820 per share, reflecting a 2.5% discount to the stock’s last closing price.

KFin Technologies

KFin Technologies Limited is a prominent, technology-driven financial services platform catering to asset managers and corporate issuers across various asset classes in India. Recently, General Atlantic Singapore Fund exited its investment in the company through a deal worth ₹1,790 crore. Simultaneously, the Sajjan Jindal Family Trust reduced its stake in JSW Infrastructure, raising ₹1,210 crore.

Wendt (India) Limited

Wendt (India) Ltd is a leading manufacturer specialising in Super Abrasives, Machining Tools, and Precision Components. On May 14, the company’s German parent, Wendt GmbH, announced its decision to fully exit its investment by divesting its entire stake via an Offer for Sale (OFS).

Also Read: Promoters Exit ₹43,000 Cr in May Even as Nifty Rallies: What It Means for Investors

Conclusion

The promoter's exit in May 2025 underscores a pivotal moment for Indian corporate governance. As founding families step back, companies are increasingly embracing institutional capital, professional leadership, and global best practices.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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