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."
IndiGo co-founder calls for shareholders meet on Jan 29 to discuss AoA changes
In signs that promoters' feud are far from over, InterGlobe Aviation on Friday announced convening a meeting of shareholders on January 29, ...
IndiGo's Rakesh Gangwal seeks to ease rules on shareholdings
Gangwal also wants to remove an article that prevents either of the co-founders from buying publicly-listed shares in InterGlobe and potentially triggering an open offer for the rest of the company.
InterGlobe to hold shareholders meet on Jan 29
The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company.
Car sales dip most in two decades in 2019
Sales of cars and SUVs went into a free fall in 2019, witnessing the biggest decline in over two decades.
Aerocity’s luxury hotel to offer coworking space
In its Roseate House hotel in Aerocity, the luxury hospitality brand has earmarked 30,000 sq ft of space for offer to individuals and companies on requirement basis, Ankur Bhatia, Bird Group’s executive director, said.
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.
Etihad Airways boss is a fan of Thai food, says it's her excuse for visiting Phuket
The Etihad Airways VP-Indian Sub-continent loves London's shopping experience.
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.
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.
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.
SBI MF to be listed within next 2 years: CEO
SBI Mutual Fund is a joint venture between State Bank of India and Amundi of France.
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