{"id":469966,"date":"2022-02-22T10:56:02","date_gmt":"2022-02-22T05:26:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=469966"},"modified":"2022-02-22T12:41:36","modified_gmt":"2022-02-22T07:11:36","slug":"interglobe-aviation-share-price-dips-by-4-3-following-gangwals-exit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/interglobe-aviation-share-price-dips-by-4-3-following-gangwals-exit\/","title":{"rendered":"InterGlobe Aviation share price dips by 4.3% following Gangwal&#8217;s exit"},"content":{"rendered":"<p>Shares of InterGlobe Aviation, the parent of India&#8217;s biggest airline IndiGo, dropped on Monday after one of its co-founders resigned from the board last week and said he will trim his stake in the company over the next five years. The company&#8217;s shares fell as much as 4.3 per cent and hit a two-week low. <\/p>\n<p>In a letter to the InterGlobe&#8217;s board on Friday, Rakesh Gangwal said he was stepping down immediately as he didn&#8217;t want access to unpublished price sensitive information when he begins trimming his stake in the company.<\/p>\n<p>Gangwal and his family own 36.61 per cent stake in InterGlobe, while another co-founder, managing director Rahul Bhatia and his family own about 37.8 per cent. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of InterGlobe Aviation, the parent of India&#8217;s biggest airline IndiGo, dropped on Monday after one of its co-founders resigned from the board last week and said he will trim his stake in the company over the next five years. The company&#8217;s shares fell as much as 4.3 per cent and hit a two-week low. In a letter to the InterGlobe&#8217;s board on Friday, Rakesh Gangwal said he was stepping down immediately as he didn&#8217;t want access to unpublished price sensitive information when he begins trimming his stake in the company. Gangwal and his family own 36.61 per cent stake [&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":[176,146,130],"tags":[],"class_list":["post-469966","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469966","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=469966"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469966\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=469966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=469966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=469966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}