IndiGo shareholders reject co-promoter Gangwal's special resolution to amend AoA
Rahul Bhatia and affiliates -- InterGlobe Enterprises (IGE) Group -- has around 38 per cent stake in the company and Rakesh Gangwal and his related entities own around 36.64 per cent stake. As per the AoA, if any member of Rahul Bhatia-led IGE Group wants to transfer shares to a third party, then the non-transferring group will have the 'Right of First Refusal' subject to certain conditions.
IndiGo shareholders reject amending Article of Association: Reports
IndiGo held its extraordinary general Meeting (EGM) today to discuss dele...
Don't see board room issues impacting IndiGo's performance: Hardeep Singh Puri
The differences between co-founders and co-promoters -- Rakesh...
Rahul Bhatia takes IndiGo feud to US courts
The feud between IndiGo founders, Rahul Bhatia and Rakesh Gangwal has now reached US courts where the former is seeking a legal order from a Maryland court to retrieve correspondence from IndiGo independent director Anupam Khanna.
Rakesh Gangwal has a history of being uncooperative: IndiGo co-founder Rahul Bhatia
Rahul Bhatia makes claim in fresh plea in US court to get documents from partner Gangwal.
IndiGo cofounder Rahul Bhatia takes partner Rakesh Gangwal to court in Florida
Bhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.
IndiGo promoters' feud: Rahul Bhatia files petitions seeking info in US
The differences between Bhatia and Gangwal came to the fore in July after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company.
IndiGo says have responded to all Sebi queries on related party transactions
On Tuesday, sources told PTI that a preliminary probe by Sebi has suggested prima-facie violations of corporate governance and listing disclosure norms in certain related party transactions involving InterGlobe Aviation.
IndiGo director asks US Court to revoke summons
Airline’s founder Rahul Bhatia and his IGE Group filed a petition in Maryland District Court against IndiGo’s independent director Anupam Khanna, accusing him of acting in concert with co-founder Gangwal, who Bhatia has legally accused of breaching the shareholders' agreement on IndiGo. Bhatia filed the case on the alleged breach of shareholders’ agreement.
Hope Rahul Gangwal's action will speak louder than words: Rahul Bhatia
In the letter to the Securities and Exchange Board of India (Sebi), Gangwal mentioned multiple issues, including various related party transactions (RPTs) of IndiGo with Bhatia group's company, InterGlobe Enterprises.
IndiGo promoter feud: Rahul Bhatia, IGE file for arbitration in London Court against Rakesh Gangwal
InterGlobe Aviation is the parent of IndiGo, the country's largest airline in terms of domestic market share.
Promoters' feud has 'zero impact' on IndiGo, says CEO
The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company. They are the promoters of InterGlobe Aviation which operates IndiGo, the country's largest airline in terms of domestic market share.
Gangwal seeks rejection of Bhatia plea in US court to get documents
Bhatia has moved the London Court of International Arbitration (LCIA) in New Delhi on October 1 in his allegations of Gangwal’s breach of the contract.
Interested in buying a stake in IndiGo, but not in Air India: Qatar Airways CEO
Qatar Airways has no interest in buying a stake in Air India but is interested in IndiGo, said its CEO.
IndiGo promoters' dispute: Rahul Bhatia's group responds to Gangwal's allegations
Terming co-founder Rakesh Gangwal's allegations of governance lapses at InterGlobe Aviation as much ado about nothing, Rahul Bhatia's group ...
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service