IndiGo shareholders reject amending Article of Association: Reports
IndiGo shareholders have rejected amending the Article of Associaltion, according to reports,
Reports suggest that shareholders were upset with Rakesh Gangwal’s absence from the meeting. He had called for the shareholders meeting to amend the Article of Association.
IndiGo held its extraordinary general Meeting (EGM) today to discuss deletion of rules that make it tough for the main shareholders to sell or buy shares in the company. But for the resolution to be approved, Gangwal needed the support of Rahul Bhatia-led group who holds 38.3 per cent along with family in the airline’s holding company Inter Globe AviationNSE -1.02 %.
