{"id":584026,"date":"2023-06-13T09:24:18","date_gmt":"2023-06-13T03:54:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584026"},"modified":"2023-06-13T09:51:38","modified_gmt":"2023-06-13T04:21:38","slug":"gangwal-family-may-sell-up-to-8-stake-in-indigo-via-block-deals-by-july","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gangwal-family-may-sell-up-to-8-stake-in-indigo-via-block-deals-by-july\/","title":{"rendered":"Gangwal family may sell up to 8% stake in Indigo via block deals by July"},"content":{"rendered":"<p>The Rakesh Gangwal family, which owns 30 per cent stake in InterGlobe Aviation, may sell upto 8 per cent stake in India&#8217;s largest private airline via block deals by July. <\/p>\n<p>The stake is valued at Rs 7,437 crore taking into account today&#8217;s share closing price of Rs 2,411 a share. The airline&#8217;s total market valuation was Rs 92,957 crore. <\/p>\n<p>The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore. The family sold another 4 per cent stake in February this year for Rs 2,900 crore. &#8220;Institutional investors have been approached by investment bankers seeking their interest in the stake.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rakesh Gangwal family, which owns 30 per cent stake in InterGlobe Aviation, may sell upto 8 per cent stake in India&#8217;s largest private airline via block deals by July. The stake is valued at Rs 7,437 crore taking into account today&#8217;s share closing price of Rs 2,411 a share. The airline&#8217;s total market valuation was Rs 92,957 crore. The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore. The family sold another 4 per cent stake in February this year for Rs 2,900 crore. [&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":[135,167,130],"tags":[],"class_list":["post-584026","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584026","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=584026"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584026\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}