{"id":282085,"date":"2019-07-15T05:31:32","date_gmt":"2019-07-15T05:31:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282085"},"modified":"2019-07-15T05:31:32","modified_gmt":"2019-07-15T05:31:32","slug":"rakesh-gangwal-invested-less-than-%e2%82%b915-crore-in-indigo-claims-rahul-bhatias-ige","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rakesh-gangwal-invested-less-than-%e2%82%b915-crore-in-indigo-claims-rahul-bhatias-ige\/","title":{"rendered":"Rakesh Gangwal invested less than \u20b915 crore in IndiGo, claims Rahul Bhatia\u2019s IGE"},"content":{"rendered":"<p>InterGlobe Aviation Ltd\u2019s co-founder, Rahul Bhatia, has claimed that he bore most of the financial risk to grow the once fledgling airline, while his estranged partner, Rakesh Gangwal, restricted his investment to less than \u20b915 crore, justifying the wider powers vested on him to run IndiGo, India\u2019s largest airline.<\/p>\n<p>\u201cMr. Gangwal was missing in action at that time and there were stages where he wanted to de-risk and pushed for the business to be sold. However, the IGE Group went ahead to continue to support the start up without in anyway diluting Mr. Gangwal\u2019s potential upside,&#8221; IGE Group said in a statement on Sunday. The risk ratio was almost 80:1 between IGE Group and Gangwal at one time, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation Ltd\u2019s co-founder, Rahul Bhatia, has claimed that he bore most of the financial risk to grow the once fledgling airline, while his estranged partner, Rakesh Gangwal, restricted his investment to less than \u20b915 crore, justifying the wider powers vested on him to run IndiGo, India\u2019s largest airline. \u201cMr. Gangwal was missing in action at that time and there were stages where he wanted to de-risk and pushed for the business to be sold. However, the IGE Group went ahead to continue to support the start up without in anyway diluting Mr. Gangwal\u2019s potential upside,&#8221; IGE Group said in [&hellip;]<\/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-282085","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\/282085","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=282085"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282085\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}