{"id":288686,"date":"2019-08-26T06:15:41","date_gmt":"2019-08-26T06:15:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288686"},"modified":"2019-08-26T06:15:41","modified_gmt":"2019-08-26T06:15:41","slug":"indigo-board-has-approved-new-policy-on-related-party-transactions-says-rakesh-gangwal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-board-has-approved-new-policy-on-related-party-transactions-says-rakesh-gangwal\/","title":{"rendered":"IndiGo board has approved new policy on related-party transactions, says Rakesh Gangwal"},"content":{"rendered":"<p>InterGlobe Aviation promoter Rakesh Gangwal on Friday said the company\u2019s board has approved a new policy on related-party transactions, amid an ongoing feud with co-promoter Rahul Bhatia over governance issues. The company is the parent of the country\u2019s largest airline IndiGo. \u201cWhile much work lies ahead, including mending some fences and the regulators completing their investigations on the governance issues raised with them, it is gratifying to see progress towards better governance,\u201d Gangwal said in a statement.<\/p>\n<p>Gangwal said the board has now approved a new related-party transaction policy and to also close an open issue if the Articles of Association are amended at the company\u2019s upcoming annual general meeting (AGM) to increase the board size to 10 directors. \u201cIn light of this positive and important development, I will be supporting the proposed changes to the Articles,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation promoter Rakesh Gangwal on Friday said the company\u2019s board has approved a new policy on related-party transactions, amid an ongoing feud with co-promoter Rahul Bhatia over governance issues. The company is the parent of the country\u2019s largest airline IndiGo. \u201cWhile much work lies ahead, including mending some fences and the regulators completing their investigations on the governance issues raised with them, it is gratifying to see progress towards better governance,\u201d Gangwal said in a statement. Gangwal said the board has now approved a new related-party transaction policy and to also close an open issue if the Articles 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":[196,130,138],"tags":[],"class_list":["post-288686","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288686","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=288686"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288686\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}