{"id":281258,"date":"2019-07-10T05:19:23","date_gmt":"2019-07-10T05:19:23","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281258"},"modified":"2019-07-10T05:19:23","modified_gmt":"2019-07-10T05:19:23","slug":"indigo-promoters-feud-takes-serious-turn-gangwal-seeks-sebis-intervention","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-promoters-feud-takes-serious-turn-gangwal-seeks-sebis-intervention\/","title":{"rendered":"IndiGo promoters\u2019 feud takes serious turn; Gangwal seeks Sebi\u2019s intervention"},"content":{"rendered":"<p>The simmering feud between the IndiGoNSE -11.97 % promoters took a turn for the worse on Tuesday after one of the warring partners complained to the Securities and Exchange Board of India (Sebi) about questionable corporate governance practices, alleging that even a `paan ki dukaan\u2019 would have handled things better. <\/p>\n<p>Rakesh Gangwal, who holds 37% in IndiGo compared with co-promoter turned rival Rahul Bhatia\u2019s 38%, said in his complaint to the market regulator that a shareholders\u2019 agreement between himself and Bhatia gave the latter \u201cunusual controlling rights over IndiGo\u201d and that these rights and \u201ca lack of diversity and paucity\u201d of independent directors \u201cmay very well be at the root of why governance matters have taken such a back seat at IndiGo.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The simmering feud between the IndiGoNSE -11.97 % promoters took a turn for the worse on Tuesday after one of the warring partners complained to the Securities and Exchange Board of India (Sebi) about questionable corporate governance practices, alleging that even a `paan ki dukaan\u2019 would have handled things better. Rakesh Gangwal, who holds 37% in IndiGo compared with co-promoter turned rival Rahul Bhatia\u2019s 38%, said in his complaint to the market regulator that a shareholders\u2019 agreement between himself and Bhatia gave the latter \u201cunusual controlling rights over IndiGo\u201d and that these rights and \u201ca lack of diversity and paucity\u201d [&hellip;]<\/p>\n","protected":false},"author":39,"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-281258","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\/281258","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281258"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281258\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}