{"id":284677,"date":"2019-07-27T05:17:36","date_gmt":"2019-07-27T05:17:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284677"},"modified":"2019-07-27T05:17:36","modified_gmt":"2019-07-27T05:17:36","slug":"end-of-shareholder-pact-may-set-indigo-owners-free","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/end-of-shareholder-pact-may-set-indigo-owners-free\/","title":{"rendered":"End of shareholder pact may set IndiGo owners &#8216;free&#8217;"},"content":{"rendered":"<p>MUMBAI | NEW DELHI: The warring founders of InterGlobe Aviation, the company that runs Indi-Go, could have the freedom to sell their shares to any suitor after the shareholders\u2019 agreement (SHA) between them expires in October. <\/p>\n<p>The shareholders\u2019 agreement between Rakesh Gangwal and Rahul Bhatia \u2014 which is to remain valid for four years after the company\u2019s initial public offering (IPO) in 2015 \u2014 conferred on the founders the right of first refusal (RoFR) for each other\u2019s shares in case one of them wanted to sell. The agreement also contains a \u2018tag-along\u2019 clause, which stipulates that the other promoter has the right to join any share-sale transaction and sell his stake along with the one who is exiting. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI | NEW DELHI: The warring founders of InterGlobe Aviation, the company that runs Indi-Go, could have the freedom to sell their shares to any suitor after the shareholders\u2019 agreement (SHA) between them expires in October. The shareholders\u2019 agreement between Rakesh Gangwal and Rahul Bhatia \u2014 which is to remain valid for four years after the company\u2019s initial public offering (IPO) in 2015 \u2014 conferred on the founders the right of first refusal (RoFR) for each other\u2019s shares in case one of them wanted to sell. The agreement also contains a \u2018tag-along\u2019 clause, which stipulates that the other promoter has [&hellip;]<\/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":[192,130,136],"tags":[],"class_list":["post-284677","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284677","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=284677"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284677\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}