{"id":274925,"date":"2019-05-17T05:29:19","date_gmt":"2019-05-17T05:29:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=274925"},"modified":"2019-05-17T05:29:19","modified_gmt":"2019-05-17T05:29:19","slug":"turbulence-at-the-top-is-bad-news-for-interglobe-aviation-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/turbulence-at-the-top-is-bad-news-for-interglobe-aviation-investors\/","title":{"rendered":"Turbulence at the top is bad news for InterGlobe Aviation investors"},"content":{"rendered":"<p>Disagreements between major shareholders can be an expensive affair. Take the case of InterGlobe Aviation Ltd, which runs IndiGo, India\u2019s largest airline.<\/p>\n<p>Reports of a tussle between the airline\u2019s two largest shareholders made the IndiGo stock nosedive on Thursday. By the end of the day\u2019s trading session, it had lost nearly \u20b95,600 crore, or about $800 million.<\/p>\n<p>For perspective, that amounts to about 70% of the market capitalization of one of IndiGo\u2019s competitors, SpiceJet Ltd.<\/p>\n<p>To put it simply, investors are worried.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disagreements between major shareholders can be an expensive affair. Take the case of InterGlobe Aviation Ltd, which runs IndiGo, India\u2019s largest airline. Reports of a tussle between the airline\u2019s two largest shareholders made the IndiGo stock nosedive on Thursday. By the end of the day\u2019s trading session, it had lost nearly \u20b95,600 crore, or about $800 million. For perspective, that amounts to about 70% of the market capitalization of one of IndiGo\u2019s competitors, SpiceJet Ltd. To put it simply, investors are worried.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-274925","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=274925"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274925\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=274925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=274925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=274925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}