{"id":284313,"date":"2019-07-25T06:39:48","date_gmt":"2019-07-25T06:39:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284313"},"modified":"2019-07-25T06:40:57","modified_gmt":"2019-07-25T06:40:57","slug":"indigo-spat-bhatia-gangwal-reach-a-truce-of-sorts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-spat-bhatia-gangwal-reach-a-truce-of-sorts\/","title":{"rendered":"IndiGo spat: Bhatia, Gangwal reach \u2018a truce of sorts\u2019"},"content":{"rendered":"<p>Rahul Bhatia and Rakesh Gangwal, the two co-promoters of IndiGo Airlines, have reached a truce of sorts.<\/p>\n<p>The size of the company\u2019s board will be expanded to 10 from the current six and will include an independent woman director, as a measure to address some of the concerns raised by Gangwal.<\/p>\n<p>Sources close to the development said that the Articles of Association of the company will be amended to allow for the expansion of the board.<\/p>\n<p>In a recent letter to the SEBI and the Union government, Gangwal had claimed that the company had failed to address various corporate governance issues and was not fully compliant with the requirements of the Companies Act, 2013 and the SEBI\u2019s Listing Agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rahul Bhatia and Rakesh Gangwal, the two co-promoters of IndiGo Airlines, have reached a truce of sorts. The size of the company\u2019s board will be expanded to 10 from the current six and will include an independent woman director, as a measure to address some of the concerns raised by Gangwal. Sources close to the development said that the Articles of Association of the company will be amended to allow for the expansion of the board. In a recent letter to the SEBI and the Union government, Gangwal had claimed that the company had failed to address various corporate governance [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-284313","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284313","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=284313"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284313\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}