{"id":597685,"date":"2023-08-16T09:37:09","date_gmt":"2023-08-16T04:07:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=597685"},"modified":"2023-08-16T10:12:03","modified_gmt":"2023-08-16T04:42:03","slug":"gangwal-family-likely-to-sell-indigo-stake-worth-rs-3730-cr-via-block-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gangwal-family-likely-to-sell-indigo-stake-worth-rs-3730-cr-via-block-deal\/","title":{"rendered":"Gangwal family likely to sell IndiGo stake worth Rs 3,730 cr via block deal"},"content":{"rendered":"<p>The family of IndiGo co-founder Rakesh Gangwal is likely to sell shares worth Rs 3,730 crore through a block deal on Wednesday, according to a term sheet. This is part of Gangwal\u2019s plan to bring down his family&#8217;s stake in the company.<\/p>\n<p>The offer floor price for the deal is Rs 2,400 per share, which is a 5.8 per cent discount to the company\u2019s last closing price of Rs 2,549 per share. The Gangwal family has put up 15.6 million shares for sale, representing approximately 4 per cent of its existing outstanding shares in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The family of IndiGo co-founder Rakesh Gangwal is likely to sell shares worth Rs 3,730 crore through a block deal on Wednesday, according to a term sheet. This is part of Gangwal\u2019s plan to bring down his family&#8217;s stake in the company. The offer floor price for the deal is Rs 2,400 per share, which is a 5.8 per cent discount to the company\u2019s last closing price of Rs 2,549 per share. The Gangwal family has put up 15.6 million shares for sale, representing approximately 4 per cent of its existing outstanding shares in the company.<\/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-597685","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\/597685","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=597685"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597685\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=597685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=597685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=597685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}