{"id":469367,"date":"2022-02-19T09:37:51","date_gmt":"2022-02-19T04:07:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=469367"},"modified":"2022-02-19T09:48:04","modified_gmt":"2022-02-19T04:18:04","slug":"indigo-co-promoter-rakesh-gangwal-resigns-from-airlines-board-will-gradually-reduce-stake-over-5-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-co-promoter-rakesh-gangwal-resigns-from-airlines-board-will-gradually-reduce-stake-over-5-years\/","title":{"rendered":"IndiGo co-promoter Rakesh Gangwal resigns from airline\u2019s board; will gradually reduce stake over 5 years"},"content":{"rendered":"<p>IndiGo co-promoter Rakesh Gangwal on Friday resigned with immediate effect from the board of directors of the parent firm, InterGlobe Aviation, where he served as a non-executive, non-independent director.<\/p>\n<p>While Gangwal in his letter to the board said that he would sell his entire holding in the airline over a period of five years, he also added that he may consider joining the board again as a member at a later stage.<\/p>\n<p>Gangwal\u2019s resignation comes around two weeks after other promoter Rahul Bhatia took charge as the company\u2019s managing director.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGo co-promoter Rakesh Gangwal on Friday resigned with immediate effect from the board of directors of the parent firm, InterGlobe Aviation, where he served as a non-executive, non-independent director. While Gangwal in his letter to the board said that he would sell his entire holding in the airline over a period of five years, he also added that he may consider joining the board again as a member at a later stage. Gangwal\u2019s resignation comes around two weeks after other promoter Rahul Bhatia took charge as the company\u2019s managing director.<\/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-469367","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469367","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=469367"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469367\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=469367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=469367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=469367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}