{"id":286293,"date":"2019-08-07T04:45:47","date_gmt":"2019-08-07T04:45:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286293"},"modified":"2019-08-07T05:04:21","modified_gmt":"2019-08-07T05:04:21","slug":"indigo-dips-5-as-gangwal-alleges-loophole-in-proposed-board-structure","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-dips-5-as-gangwal-alleges-loophole-in-proposed-board-structure\/","title":{"rendered":"IndiGo dips 5% as Gangwal alleges &#8216;loophole&#8217; in proposed board structure"},"content":{"rendered":"<p>Shares of InterGlobe Aviation, the parent company of IndiGo airline, slipped 5 per cent to Rs 1,413 on the BSE in early morning deals on Tuesday after co-founder Rakesh Gangwal alleged that the new structure of the IndiGo board will only add to the powers of InterGlobe Enterprises &#8212; owned by fellow co-founder Rahul Bhatia. <\/p>\n<p>According to a BSE filing by InterGlobe Aviation, Gangwal wrote a letter to all the board members, a copy of which has also been sent to the SEBI, the Ministry of Corporate Affairs, and BSE and NSE.<\/p>\n<p>In the letter, Gangwal has alleged that \u201cthe proposed (new) board structure created a large loophole that gives the IGE Group additional powers that they don&#8217;t have today,\u201d. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of InterGlobe Aviation, the parent company of IndiGo airline, slipped 5 per cent to Rs 1,413 on the BSE in early morning deals on Tuesday after co-founder Rakesh Gangwal alleged that the new structure of the IndiGo board will only add to the powers of InterGlobe Enterprises &#8212; owned by fellow co-founder Rahul Bhatia. According to a BSE filing by InterGlobe Aviation, Gangwal wrote a letter to all the board members, a copy of which has also been sent to the SEBI, the Ministry of Corporate Affairs, and BSE and NSE. In the letter, Gangwal has alleged that \u201cthe [&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":[135,167,130],"tags":[],"class_list":["post-286293","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286293","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=286293"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286293\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}