{"id":584034,"date":"2023-06-13T09:21:36","date_gmt":"2023-06-13T03:51:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584034"},"modified":"2023-06-13T09:48:21","modified_gmt":"2023-06-13T04:18:21","slug":"indigo-co-founders-family-likely-to-sell-stake-worth-up-to-909-mn-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-co-founders-family-likely-to-sell-stake-worth-up-to-909-mn-report\/","title":{"rendered":"IndiGo co-founder&#8217;s family likely to sell stake worth up to $909 mn: Report"},"content":{"rendered":"<p>BENGALURU (Reuters) &#8211; The family of IndiGo&#8217;s co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline&#8217;s parent InterGlobe Aviation Ltd, worth up to 75 billion rupees ($909.58 million), CNBC Awaaz said in a report, citing sources.<\/p>\n<p>Rakesh Gangwal and his wife, Shobha Gangwal, hold 13.23% and 2.99% respectively in InterGlobe as of March 31, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data. <\/p>\n<p>The Gangwal family will likely sell stake in block deals when the lock in for shares open on July 15, the report said.<\/p>\n<p>Shobha Gangwal had cut her stake in the company by over 4% in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) &#8211; The family of IndiGo&#8217;s co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline&#8217;s parent InterGlobe Aviation Ltd, worth up to 75 billion rupees ($909.58 million), CNBC Awaaz said in a report, citing sources. Rakesh Gangwal and his wife, Shobha Gangwal, hold 13.23% and 2.99% respectively in InterGlobe as of March 31, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data. The Gangwal family will likely sell stake in block deals when the lock in for shares open on July 15, the report said. Shobha Gangwal had [&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-584034","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\/584034","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=584034"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584034\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}