{"id":282630,"date":"2019-07-17T04:44:45","date_gmt":"2019-07-17T04:44:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282630"},"modified":"2019-07-17T04:45:13","modified_gmt":"2019-07-17T04:45:13","slug":"indigos-gangwal-says-wont-sell-stake-amid-feud-with-partner-rahul-bhatia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-gangwal-says-wont-sell-stake-amid-feud-with-partner-rahul-bhatia\/","title":{"rendered":"IndiGo&#8217;s Gangwal says won&#8217;t sell stake amid feud with partner Rahul Bhatia"},"content":{"rendered":"<p>Rakesh Gangwal, the co-founder of IndiGo, said he won\u2019t sell his shareholding in India\u2019s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. <\/p>\n<p>\u201cI am here for the long haul,\u201d Gangwal, who has accused Bhatia of corporate governance lapses, said by phone. \u201cI have no desire to sell my stake or raise my stake.\u201d <\/p>\n<p>Gangwal, teamed up with Bhatia &#8212; a former airline sales agent &#8212; to create IndiGo in 2005, which quickly outpaced rivals to control almost half of the local market, and made both the founders billionaires. Once the chief executive officer at US Airways, Gangwal and his affiliates, own 37% of InterGlobe Aviation Ltd., which operates IndiGo, while his partner\u2019s company holds a little more at 38%. A representative for Bhatia\u2019s InterGlobe Enterprises Ltd. didn\u2019t immediately respond to a request seeking comments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rakesh Gangwal, the co-founder of IndiGo, said he won\u2019t sell his shareholding in India\u2019s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. \u201cI am here for the long haul,\u201d Gangwal, who has accused Bhatia of corporate governance lapses, said by phone. \u201cI have no desire to sell my stake or raise my stake.\u201d Gangwal, teamed up with Bhatia &#8212; a former airline sales agent &#8212; to create IndiGo in 2005, which quickly outpaced rivals to control almost half of the local market, and made both the founders billionaires. Once the chief executive officer [&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":[135,167,130],"tags":[],"class_list":["post-282630","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282630","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=282630"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282630\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}