{"id":288670,"date":"2019-08-26T05:54:29","date_gmt":"2019-08-26T05:54:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288670"},"modified":"2019-08-26T05:54:29","modified_gmt":"2019-08-26T05:54:29","slug":"indigos-rakesh-gangwal-flags-truce-with-airline-co-founder","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-rakesh-gangwal-flags-truce-with-airline-co-founder\/","title":{"rendered":"IndiGo&#8217;s Rakesh Gangwal flags truce with airline co-founder"},"content":{"rendered":"<p>New Delhi: The billionaire co-founder of the Indian budget airline IndiGo, Rakesh Gangwal, will support company proposals at a shareholder meeting next week to expand its board after an agreement on policy changes, months after he accused his fellow co-founder of corporate-governance lapses.<\/p>\n<p>The board of IndiGo, Asia\u2019s biggest budget airline by market value, has approved a new related-party transaction policy, Gangwal said in a statement late on Friday. Gangwal now intends to support a move to expand the company\u2019s board to 10 directors at its annual general meeting scheduled for 27 August reversing his earlier stance.<\/p>\n<p>\u201cIn light of this positive and important development, I will be supporting the proposed changes to the Articles,&#8221; Rakesh Gangwal said in a statement posted on his website on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The billionaire co-founder of the Indian budget airline IndiGo, Rakesh Gangwal, will support company proposals at a shareholder meeting next week to expand its board after an agreement on policy changes, months after he accused his fellow co-founder of corporate-governance lapses. The board of IndiGo, Asia\u2019s biggest budget airline by market value, has approved a new related-party transaction policy, Gangwal said in a statement late on Friday. Gangwal now intends to support a move to expand the company\u2019s board to 10 directors at its annual general meeting scheduled for 27 August reversing his earlier stance. \u201cIn light 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-288670","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\/288670","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=288670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}