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...
SpiceJet to strengthen management team as Shilpa Bhatia set to rejoin
Bhatia has been with SpiceJet as its chief of sales and revenue for few years before moving to IndiGo as its chief sales and revenue officer last year. She quit the firm this month. "We are expecting her to join in February" a person aware of the matter who did not wished to be named said, "There are likely to be some other shuffle too including reporting changes."
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 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 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 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.
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.
Rivals spreading a false narrative, says IndiGo Rakesh Gangwal
IndiGo cofounder stands by the issues he has taken up with Sebi, other regulatory authorities.
IndiGo shareholders reject Gangwal’s proposal at EGM
However, these provisions remain in the AoA, making it difficult for either promoter to exit.
Management commentary, not numbers, important for Bajaj twins: Devang Mehta, Centrum Wealth
If there is evidence of the economy improving, then Bajaj Finance probably would be improving a little more faster and management will sound a little bit more confident, says Devang Mehta, Head, EquityAdvisory, Centrum Wealth Management.
IndiGo: Could this get Rakesh Gangwal to patch up with Rahul Bhatia?
Gangwal is standing firm on three provisions that must be incorporated and they deal with related party transactions.
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