{"id":281506,"date":"2019-07-11T05:50:43","date_gmt":"2019-07-11T05:50:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281506"},"modified":"2019-07-11T06:05:08","modified_gmt":"2019-07-11T06:05:08","slug":"indigo-stock-plummets-amid-promoters-feud","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-stock-plummets-amid-promoters-feud\/","title":{"rendered":"IndiGo stock plummets amid promoters\u2019 feud"},"content":{"rendered":"<p>The shares of InterGlobe Aviation Ltd (IGAL), the parent of IndiGo, plummeted over 11 per cent on Wednesday, wiping out \u20b96,423 crore from its market valuation following a spat between its co-promoters over corporate governance issues.<\/p>\n<p>The scrip tanked 10.73 per cent to close at \u20b91,397.75 on the BSE. Intra day, it had plunged 17.54 per cent to \u20b91,291.<\/p>\n<p>The co-promoters of IndiGo, Rakesh Gangwal and Rahul Bhatia, have been engaged in a war of words over governance issues. <\/p>\n<p>InterGlobe clarifies<\/p>\n<p>IGAL on Wednesday clarified that the existence of related party transactions (RPTs) was disclosed at the time of its IPO in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shares of InterGlobe Aviation Ltd (IGAL), the parent of IndiGo, plummeted over 11 per cent on Wednesday, wiping out \u20b96,423 crore from its market valuation following a spat between its co-promoters over corporate governance issues. The scrip tanked 10.73 per cent to close at \u20b91,397.75 on the BSE. Intra day, it had plunged 17.54 per cent to \u20b91,291. The co-promoters of IndiGo, Rakesh Gangwal and Rahul Bhatia, have been engaged in a war of words over governance issues. InterGlobe clarifies IGAL on Wednesday clarified that the existence of related party transactions (RPTs) was disclosed at the time of its [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-281506","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281506","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281506"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281506\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}