{"id":469783,"date":"2022-02-21T11:14:13","date_gmt":"2022-02-21T05:44:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=469783"},"modified":"2022-02-21T13:29:42","modified_gmt":"2022-02-21T07:59:42","slug":"indigos-co-promoter-gangwal-quits-to-gradually-reduce-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-co-promoter-gangwal-quits-to-gradually-reduce-stake\/","title":{"rendered":"IndiGo&#8217;s co-promoter Gangwal quits; to gradually reduce stake"},"content":{"rendered":"<p>IndiGo\u2019s co-promoter Rakesh Gangwal on Friday resigned from the Board of directors of parent company InterGlobe Aviation, stating that he will gradually reduce his equity stake in the airline over the next five years.<\/p>\n<p>Gangwal and his related entities own around 37% stake in this company. Rahul Bhatia and his related entities own around 38% in InterGlobe Aviation. <\/p>\n<p>\u201cI have been a long-term shareholder in the company for more than 15 years and it\u2019s only natural to someday think about diversifying one\u2019s holdings,\u201d Gangwal said in his letter to the Board members. \u201cAccordingly, my current intention is to slowly reduce my equity stake in the company over the next five plus years,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGo\u2019s co-promoter Rakesh Gangwal on Friday resigned from the Board of directors of parent company InterGlobe Aviation, stating that he will gradually reduce his equity stake in the airline over the next five years. Gangwal and his related entities own around 37% stake in this company. Rahul Bhatia and his related entities own around 38% in InterGlobe Aviation. \u201cI have been a long-term shareholder in the company for more than 15 years and it\u2019s only natural to someday think about diversifying one\u2019s holdings,\u201d Gangwal said in his letter to the Board members. \u201cAccordingly, my current intention is to slowly reduce [&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":[224,130,150],"tags":[],"class_list":["post-469783","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469783","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=469783"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469783\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=469783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=469783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=469783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}