{"id":556159,"date":"2023-02-16T11:11:51","date_gmt":"2023-02-16T05:41:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=556159"},"modified":"2023-02-16T13:17:09","modified_gmt":"2023-02-16T07:47:09","slug":"indigo-co-founders-wife-likely-to-sell-4-stake-in-airline-worth-rs-2930-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-co-founders-wife-likely-to-sell-4-stake-in-airline-worth-rs-2930-crore\/","title":{"rendered":"IndiGo co-founder&#8217;s wife likely to sell 4% stake in airline worth Rs 2,930 crore"},"content":{"rendered":"<p>The wife of IndiGo&#8217;s co-founder is likely to sell a 4 per cent stake in the Indian carrier&#8217;s parent, InterGlobe Aviation Ltd, for Rs 2,930 crore ($353.8 million) through a block deal, CNBC-TV18 reported on Wednesday, citing sources.<\/p>\n<p>The offer floor price for the sale by Shobha Gangwal, the wife of IndiGo co-founder Rakesh Gangwal, has been set at Rs 1,875 per share, the news channel reported.<\/p>\n<p>The price is at a 5.6 per cent discount to InterGlobe&#8217;s closing price on Wednesday.<\/p>\n<p>IndiGo did not respond to a Reuters request for comment, while Shobha Gangwal could not be immediately reached for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The wife of IndiGo&#8217;s co-founder is likely to sell a 4 per cent stake in the Indian carrier&#8217;s parent, InterGlobe Aviation Ltd, for Rs 2,930 crore ($353.8 million) through a block deal, CNBC-TV18 reported on Wednesday, citing sources. The offer floor price for the sale by Shobha Gangwal, the wife of IndiGo co-founder Rakesh Gangwal, has been set at Rs 1,875 per share, the news channel reported. The price is at a 5.6 per cent discount to InterGlobe&#8217;s closing price on Wednesday. IndiGo did not respond to a Reuters request for comment, while Shobha Gangwal could not be immediately reached [&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-556159","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\/556159","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=556159"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/556159\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=556159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=556159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=556159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}