{"id":284319,"date":"2019-07-25T06:18:11","date_gmt":"2019-07-25T06:18:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284319"},"modified":"2019-07-25T06:18:11","modified_gmt":"2019-07-25T06:18:11","slug":"progress-at-indigo-but-still-miles-to-go-for-truce","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/progress-at-indigo-but-still-miles-to-go-for-truce\/","title":{"rendered":"Progress at IndiGo, but still miles to go for truce"},"content":{"rendered":"<p>Mumbai: Rahul Bhatia, one of the two founders of InterGlobe Aviation Ltd, will not accept a dilution of his shareholder rights unless there is a compelling offer from his estranged partner Rakesh Gangwal, a person aware of the development said.<\/p>\n<p>Bhatia is, however, open to a deal with Gangwal to resolve differences over shareholders\u2019 rights that may include acquiring a part of Gangwal\u2019s stake in the company if he chooses to sell, the person said, requesting anonymity.<\/p>\n<p>While the two founders of InterGlobe Aviation, which runs budget airline IndiGo, have settled their differences over some issues, including expanding the airline\u2019s board and related-party transactions, the negotiations so far have not touched the elephant in the room\u2014the lopsided shareholders\u2019 agreement that gives Bhatia\u2019s InterGlobe Enterprises Ltd sweeping rights although both parties have nearly equal shareholding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Rahul Bhatia, one of the two founders of InterGlobe Aviation Ltd, will not accept a dilution of his shareholder rights unless there is a compelling offer from his estranged partner Rakesh Gangwal, a person aware of the development said. Bhatia is, however, open to a deal with Gangwal to resolve differences over shareholders\u2019 rights that may include acquiring a part of Gangwal\u2019s stake in the company if he chooses to sell, the person said, requesting anonymity. While the two founders of InterGlobe Aviation, which runs budget airline IndiGo, have settled their differences over some issues, including expanding the airline\u2019s [&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-284319","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\/284319","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=284319"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284319\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}