{"id":644665,"date":"2025-08-29T09:12:11","date_gmt":"2025-08-29T03:42:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=644665"},"modified":"2025-08-29T09:37:12","modified_gmt":"2025-08-29T04:07:12","slug":"rakesh-gangwal-raises-501-million-in-downsized-indigo-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rakesh-gangwal-raises-501-million-in-downsized-indigo-sale\/","title":{"rendered":"Rakesh Gangwal raises $501 million in downsized IndiGo sale"},"content":{"rendered":"<p>Billionaire Rakesh Gangwal\u2019s latest attempt to pare his stake in IndiGo faced a surprise on Thursday, as the size of his share sale was reduced \u2014 a rare move for the Indian carrier, whose stock ranks among the world\u2019s most valuable airlines.<\/p>\n<p>Gangwal and the Chinkerpoo Family Trust offloaded 7.56 million shares or 1.96% stake in the low-cost carrier, raising about 43.9 billion rupees ($501 million), according to the terms of the deal seen by Bloomberg News on Thursday. This is less than the earlier plan to sell 12.1 million shares worth over $800 million, the terms showed on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Rakesh Gangwal\u2019s latest attempt to pare his stake in IndiGo faced a surprise on Thursday, as the size of his share sale was reduced \u2014 a rare move for the Indian carrier, whose stock ranks among the world\u2019s most valuable airlines. Gangwal and the Chinkerpoo Family Trust offloaded 7.56 million shares or 1.96% stake in the low-cost carrier, raising about 43.9 billion rupees ($501 million), according to the terms of the deal seen by Bloomberg News on Thursday. This is less than the earlier plan to sell 12.1 million shares worth over $800 million, the terms showed on Tuesday.<\/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-644665","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\/644665","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=644665"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/644665\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=644665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=644665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=644665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}