{"id":584092,"date":"2023-06-13T10:12:01","date_gmt":"2023-06-13T04:42:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584092"},"modified":"2023-06-13T11:11:32","modified_gmt":"2023-06-13T05:41:32","slug":"indigo-co-founders-family-likely-to-sell-stake-worth-up-to-909-6-mn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-co-founders-family-likely-to-sell-stake-worth-up-to-909-6-mn\/","title":{"rendered":"IndiGo co-founder&#8217;s family likely to sell stake worth up to $909.6 mn"},"content":{"rendered":"<p>The family of IndiGo&#8217;s co-founder Rakesh Gangwal is likely to sell between 5-8% stake in the Indian airline&#8217;s parent InterGlobe Aviation Ltd, worth up to Rs 7,500 crore ($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","protected":false},"excerpt":{"rendered":"<p>The family of IndiGo&#8217;s co-founder Rakesh Gangwal is likely to sell between 5-8% stake in the Indian airline&#8217;s parent InterGlobe Aviation Ltd, worth up to Rs 7,500 crore ($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.<\/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":[192,130,136],"tags":[],"class_list":["post-584092","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\/584092","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=584092"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584092\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}