{"id":285943,"date":"2019-08-05T05:39:52","date_gmt":"2019-08-05T05:39:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285943"},"modified":"2019-08-05T05:39:52","modified_gmt":"2019-08-05T05:39:52","slug":"sebi-scans-indigos-investor-agreement-for-violation-of-rights","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sebi-scans-indigos-investor-agreement-for-violation-of-rights\/","title":{"rendered":"Sebi scans IndiGo\u2019s investor agreement for violation of rights"},"content":{"rendered":"<p>Markets regulator Securities and Exchange Board of India (Sebi) is scanning InterGlobe Aviation Ltd\u2019s shareholders\u2019 agreement (SHA) to check for any violation of the rights of minority investors and individual shareholders, a person with direct knowledge of the matter said.<\/p>\n<p>On 8 July, Rakesh Gangwal, co-founder of India\u2019s largest airline IndiGo, approached Sebi accusing his partner and co-founder Rahul Bhatia of corporate governance violations at InterGlobe Aviation, which operates the airline.<\/p>\n<p>\u201cSebi is carefully examining the issue. In principle, Sebi is not in favour of bilateral SHAs such as this one, which may give disproportionate rights to one set of shareholders. In such SHAs, some of the rights of individual shareholders may be compromised,&#8221; the official cited above said on condition of anonymity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets regulator Securities and Exchange Board of India (Sebi) is scanning InterGlobe Aviation Ltd\u2019s shareholders\u2019 agreement (SHA) to check for any violation of the rights of minority investors and individual shareholders, a person with direct knowledge of the matter said. On 8 July, Rakesh Gangwal, co-founder of India\u2019s largest airline IndiGo, approached Sebi accusing his partner and co-founder Rahul Bhatia of corporate governance violations at InterGlobe Aviation, which operates the airline. \u201cSebi is carefully examining the issue. In principle, Sebi is not in favour of bilateral SHAs such as this one, which may give disproportionate rights to one set of [&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-285943","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\/285943","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=285943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}