{"id":281684,"date":"2019-07-11T07:05:14","date_gmt":"2019-07-11T07:05:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281684"},"modified":"2019-07-11T07:05:14","modified_gmt":"2019-07-11T07:05:14","slug":"related-party-deals-fraction-of-turnover-indigo-co-founder-rahul-bhatia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/related-party-deals-fraction-of-turnover-indigo-co-founder-rahul-bhatia\/","title":{"rendered":"Related party deals fraction of turnover: IndiGo co-founder Rahul Bhatia"},"content":{"rendered":"<p>NEW DELHI:  IndiGo co-founder Rahul Bhatia\u2019s InterGlobe Enterprises (IGE) on Wednesday responded to allegations made by co-promoter Rakesh Gangwal regarding related party transactions (RPT) at IndiGo\u2019s operating firm: InterGlobe Aviation (IGAL). IGE said that the RPTs accounted for just 0.53 per cent of the company\u2019s turnover and that all \u201cRPTs have been executed on an arms\u2019 length basis and in the ordinary course of business\u201d. <\/p>\n<p>Earlier in the day, the company\u2019s stock crashed over 11 per cent on the bourses after the Securities and Exchanges Board of India (SEBI) sought its response on Gangwal\u2019s allegations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: IndiGo co-founder Rahul Bhatia\u2019s InterGlobe Enterprises (IGE) on Wednesday responded to allegations made by co-promoter Rakesh Gangwal regarding related party transactions (RPT) at IndiGo\u2019s operating firm: InterGlobe Aviation (IGAL). IGE said that the RPTs accounted for just 0.53 per cent of the company\u2019s turnover and that all \u201cRPTs have been executed on an arms\u2019 length basis and in the ordinary course of business\u201d. Earlier in the day, the company\u2019s stock crashed over 11 per cent on the bourses after the Securities and Exchanges Board of India (SEBI) sought its response on Gangwal\u2019s allegations.<\/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":[208,130,143],"tags":[],"class_list":["post-281684","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281684","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=281684"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281684\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}