Mumbai: The feud between the promoters of InterGlobe Aviation Ltd intensified, with co-founder Rakesh Gangwal opposing a plan to expand the airline\u2019s board to 10 members, a departure from his earlier stand, alleging loopholes that will tilt the scales further in favour of his partner, Rahul Bhatia.<\/p>\n
In a 5 August letter, Gangwal suggested directors of India\u2019s largest airline, IndiGo, consider increasing the board strength to seven from the current six, weeks after the board approved a proposal to raise the number of directors to 10.<\/p>\n
Gangwal said he will oppose the special resolution at the annual general meeting (AGM) on 27 August unless another resolution is passed by the board to prevent co-founder Bhatia\u2019s InterGlobe Enterprises (IGE) Group from attaining more power and until a new policy on related-party transactions (RPT) is adopted by the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai: The feud between the promoters of InterGlobe Aviation Ltd intensified, with co-founder Rakesh Gangwal opposing a plan to expand the airline\u2019s board to 10 members, a departure from his earlier stand, alleging loopholes that will tilt the scales further in favour of his partner, Rahul Bhatia. In a 5 August letter, Gangwal suggested directors of India\u2019s largest airline, IndiGo, consider increasing the board strength to seven from the current six, weeks after the board approved a proposal to raise the number of directors to 10. Gangwal said he will oppose the special resolution at the annual general meeting (AGM) […]<\/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-286397","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\/286397","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=286397"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286397\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}