{"id":469316,"date":"2022-02-19T08:59:14","date_gmt":"2022-02-19T03:29:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=469316"},"modified":"2022-02-19T09:19:21","modified_gmt":"2022-02-19T03:49:21","slug":"indigos-co-founder-rakesh-gangwal-resigns-from-board-with-immediate-effect","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-co-founder-rakesh-gangwal-resigns-from-board-with-immediate-effect\/","title":{"rendered":"IndiGo&#8217;s co-founder Rakesh Gangwal resigns from board with immediate effect"},"content":{"rendered":"<p>InterGlobe Aviation&#8217;s non-executive, non-independent director Rakesh Gangwal on Friday has tendered his resignation from the company&#8217;s board with immediate effect.<\/p>\n<p>He will gradually reduce his stake in InterGlobe, parent of the country&#8217;s largest airline IndiGo, over the next five-plus years, Gangwal said in his resignation letter while adding that a gradual reduction of his stake will also allow him to benefit from some of the upside.<\/p>\n<p>&#8220;I have been a long-term shareholder in the Company for more than 15 years and it&#8217;s only natural to someday think about diversifying one&#8217;s holdings. Accordingly, my current intention is to slowly reduce my equity stake in the Company over the next 5 plus years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation&#8217;s non-executive, non-independent director Rakesh Gangwal on Friday has tendered his resignation from the company&#8217;s board with immediate effect. He will gradually reduce his stake in InterGlobe, parent of the country&#8217;s largest airline IndiGo, over the next five-plus years, Gangwal said in his resignation letter while adding that a gradual reduction of his stake will also allow him to benefit from some of the upside. &#8220;I have been a long-term shareholder in the Company for more than 15 years and it&#8217;s only natural to someday think about diversifying one&#8217;s holdings. Accordingly, my current intention is to slowly reduce my [&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-469316","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\/469316","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=469316"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=469316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=469316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=469316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}