{"id":281851,"date":"2019-07-12T05:52:18","date_gmt":"2019-07-12T05:52:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281851"},"modified":"2019-07-12T05:52:18","modified_gmt":"2019-07-12T05:52:18","slug":"indigo-crisis-potential-shift-in-power-equation-behind-friction","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-crisis-potential-shift-in-power-equation-behind-friction\/","title":{"rendered":"IndiGo crisis: Potential shift in power equation behind friction"},"content":{"rendered":"<p>MUMBAI: A potential shift in the power equation, with the imminent expiry of shareholders\u2019 agreement (SHA) and articles of association (AoA) of InterGlobe Aviation Ltd in October, has emerged as the probable reason for the estrangement between the airline\u2019s co-promoters Rakesh Gangwal and Rahul Bhatia.<\/p>\n<p>As internal company memos surface, it is becoming clear that the likely shift in power equations is driving discussions regarding related party transactions (RPTs) and original equipment manufacturers (OEM) orders.<\/p>\n<p>A 12 June letter by Bhatia to the board and the company secretary of InterGlobe Aviation reveals that the public tussle between Bhatia and Gangwal actually stems from the potential shift in power to manage and control Indigo\u2019s businesses, with the company\u2019s SHA and AoA coming up for renewal in October. Mint has reviewed the letter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: A potential shift in the power equation, with the imminent expiry of shareholders\u2019 agreement (SHA) and articles of association (AoA) of InterGlobe Aviation Ltd in October, has emerged as the probable reason for the estrangement between the airline\u2019s co-promoters Rakesh Gangwal and Rahul Bhatia. As internal company memos surface, it is becoming clear that the likely shift in power equations is driving discussions regarding related party transactions (RPTs) and original equipment manufacturers (OEM) orders. A 12 June letter by Bhatia to the board and the company secretary of InterGlobe Aviation reveals that the public tussle between Bhatia and Gangwal [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-281851","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281851","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281851"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281851\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}