{"id":521457,"date":"2022-09-13T11:11:57","date_gmt":"2022-09-13T05:41:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=521457"},"modified":"2022-09-13T11:11:57","modified_gmt":"2022-09-13T05:41:57","slug":"frustrated-investors-left-empty-handed-in-indigo-block-trade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/frustrated-investors-left-empty-handed-in-indigo-block-trade\/","title":{"rendered":"Frustrated investors left empty-handed in IndiGo block trade"},"content":{"rendered":"<p>Investors who attempted to participate in last week\u2019s 20.5 billion-rupee ($258 million) share sale in India\u2019s largest airline IndiGo were left empty-handed due to a feature of the country\u2019s trading rules that has long been a source of frustration for institutional fund managers.<\/p>\n<p>None of the investors lined up by the banks working on billionaire Rakesh Gangwal\u2019s sale of part of his family\u2019s stake in IndiGo got any shares in the block trade as a result of slippage, a phenomenon where orders aren\u2019t filled due to the presence of bids with a higher competing price, according to people with knowledge of the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors who attempted to participate in last week\u2019s 20.5 billion-rupee ($258 million) share sale in India\u2019s largest airline IndiGo were left empty-handed due to a feature of the country\u2019s trading rules that has long been a source of frustration for institutional fund managers. None of the investors lined up by the banks working on billionaire Rakesh Gangwal\u2019s sale of part of his family\u2019s stake in IndiGo got any shares in the block trade as a result of slippage, a phenomenon where orders aren\u2019t filled due to the presence of bids with a higher competing price, according to people with knowledge [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-521457","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521457","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=521457"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521457\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=521457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=521457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=521457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}