{"id":598165,"date":"2023-08-17T10:40:11","date_gmt":"2023-08-17T05:10:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598165"},"modified":"2023-08-17T12:01:03","modified_gmt":"2023-08-17T06:31:03","slug":"gangwals-may-sell-5-6-in-indigo-for-450mn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gangwals-may-sell-5-6-in-indigo-for-450mn\/","title":{"rendered":"Gangwals may sell 5.6% in IndiGo for $450mn"},"content":{"rendered":"<p>EW DELHI: IndiGo co-founder Rakesh Gangwal&#8217;s family is likely to sell 5.6% stake in the airline&#8217;s holding company InterGlobe Aviation (IGA) through a block deal worth up to $450 million on Wednesday, sources said. Gangwals currently hold 29.7% stake in the airline.<\/p>\n<p>Morgan Stanley, JP Morgan, and Goldman Sachs will reportedly be conducting the block sale of over 1.5 crore shares at Rs 2,400 apiece &#8211; a 5.8% discount from Monday&#8217;s closing of Rs 2,548 on the BSE. IndiGo did not offer comments till the time of going to press. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>EW DELHI: IndiGo co-founder Rakesh Gangwal&#8217;s family is likely to sell 5.6% stake in the airline&#8217;s holding company InterGlobe Aviation (IGA) through a block deal worth up to $450 million on Wednesday, sources said. Gangwals currently hold 29.7% stake in the airline. Morgan Stanley, JP Morgan, and Goldman Sachs will reportedly be conducting the block sale of over 1.5 crore shares at Rs 2,400 apiece &#8211; a 5.8% discount from Monday&#8217;s closing of Rs 2,548 on the BSE. IndiGo did not offer comments till the time of going to press.<\/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":[220,130,137],"tags":[],"class_list":["post-598165","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598165","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=598165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}