{"id":288849,"date":"2019-08-27T04:59:56","date_gmt":"2019-08-27T04:59:56","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288849"},"modified":"2019-08-27T05:11:30","modified_gmt":"2019-08-27T05:11:30","slug":"rahul-bhatia-may-show-strength-at-indigo-agm-today-rakesh-gangwal-to-skip","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rahul-bhatia-may-show-strength-at-indigo-agm-today-rakesh-gangwal-to-skip\/","title":{"rendered":"Rahul Bhatia may show strength at IndiGo AGM today; Rakesh Gangwal to skip"},"content":{"rendered":"<p>Rahul Bhatia, promoter of IndiGo, is expected to use Tuesday\u2019s annual general meeting (AGM) as a show of strength to assure minority shareholders that all was well with the country\u2019s largest airline. This follows recent allegations of poor governance standards by co-promoter Rakesh Gangwal, who had compared IndiGo with a paan ki dukaan (betel shop). Gangwal, who lives in the US, will not be present at the meeting being held in New Delhi. At the AGM, IndiGo, through an ordinary resolution, will seek reappointment of M Damodaran as chairman of the company\u2019s board for another five years. <\/p>\n<p>While Gangwal may vote against the resolution, the Bhatia camp believes it would be passed as an ordinary resolution requires a simple majority or support of 50 per cent shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rahul Bhatia, promoter of IndiGo, is expected to use Tuesday\u2019s annual general meeting (AGM) as a show of strength to assure minority shareholders that all was well with the country\u2019s largest airline. This follows recent allegations of poor governance standards by co-promoter Rakesh Gangwal, who had compared IndiGo with a paan ki dukaan (betel shop). Gangwal, who lives in the US, will not be present at the meeting being held in New Delhi. At the AGM, IndiGo, through an ordinary resolution, will seek reappointment of M Damodaran as chairman of the company\u2019s board for another five years. While Gangwal may [&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-288849","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\/288849","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=288849"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288849\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}