{"id":284382,"date":"2019-07-25T07:08:58","date_gmt":"2019-07-25T07:08:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284382"},"modified":"2019-07-25T07:08:58","modified_gmt":"2019-07-25T07:08:58","slug":"promoters-of-indigo-smoke-peace-pipe-board-agrees-to-raise-number-of-members","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/promoters-of-indigo-smoke-peace-pipe-board-agrees-to-raise-number-of-members\/","title":{"rendered":"Promoters of IndiGo smoke peace pipe; board agrees to raise number of members"},"content":{"rendered":"<p>NEW DELHI: IndiGo chairman M Damodaran has brokered a truce between the airline\u2019s warring promoters \u2014 Rahul Bhatia with his family-controlled Inter-Globe Enterprises (IGE) and Rakesh Gangwal.<br \/>\nOn the issue of IndiGo entering into related party transactions (RPT) with IGE Group companies, a policy is being worked out that transaction of over a certain value, likely to be Rs 2 crore and above, will be examined by outside consultants, say sources.<br \/>\nFrom 6 to 10: IndiGo board agrees to raise no. of members<br \/>\n&#8220;On earlier issues of RPTs raised by Gangwal, IndiGo has sent its replies to Securities &amp; Exchange Board of India (Sebi). According to the policy being worked out, if the outside consultant has an issue with IndiGo entering into certain RPT with IGE Group companies, independent directors will decide on the matter,&#8221; said sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: IndiGo chairman M Damodaran has brokered a truce between the airline\u2019s warring promoters \u2014 Rahul Bhatia with his family-controlled Inter-Globe Enterprises (IGE) and Rakesh Gangwal. On the issue of IndiGo entering into related party transactions (RPT) with IGE Group companies, a policy is being worked out that transaction of over a certain value, likely to be Rs 2 crore and above, will be examined by outside consultants, say sources. From 6 to 10: IndiGo board agrees to raise no. of members &#8220;On earlier issues of RPTs raised by Gangwal, IndiGo has sent its replies to Securities &amp; Exchange [&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":[220,130,137],"tags":[],"class_list":["post-284382","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284382","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=284382"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284382\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}