{"id":584125,"date":"2023-06-13T10:27:10","date_gmt":"2023-06-13T04:57:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584125"},"modified":"2023-06-13T12:38:43","modified_gmt":"2023-06-13T07:08:43","slug":"indigo-shares-plunge-over-3-as-co-founder-gangwals-family-likely-to-sell-up-to-8-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-shares-plunge-over-3-as-co-founder-gangwals-family-likely-to-sell-up-to-8-stake\/","title":{"rendered":"IndiGo shares plunge over 3% as co-founder Gangwal&#8217;s family likely to sell up to 8% stake"},"content":{"rendered":"<p>Shares of InterGlobe Aviation (IndiGo) plunged over 3% to Rs 2,378 in Monday&#8217;s trade amid media reports that the family of IndiGo&#8217;s co-founder Rakesh Gangwal was likely to sell between 5%-8% stake in the Indian airline, worth up to Rs 7,500 crore ($909.58 million).<\/p>\n<p>Rakesh Gangwal and his wife, Shobha Gangwal, held 13.23% and 2.99% stake, respectively in InterGlobe as of March 31, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of InterGlobe Aviation (IndiGo) plunged over 3% to Rs 2,378 in Monday&#8217;s trade amid media reports that the family of IndiGo&#8217;s co-founder Rakesh Gangwal was likely to sell between 5%-8% stake in the Indian airline, worth up to Rs 7,500 crore ($909.58 million). Rakesh Gangwal and his wife, Shobha Gangwal, held 13.23% and 2.99% stake, respectively in InterGlobe as of March 31, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.<\/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-584125","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\/584125","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=584125"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584125\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}