{"id":308707,"date":"2020-01-03T17:00:24","date_gmt":"2020-01-03T11:30:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=308707"},"modified":"2020-01-03T17:00:24","modified_gmt":"2020-01-03T11:30:24","slug":"amid-promoters-spat-indigo-parent-interglobe-aviation-to-hold-shareholders-meet-on-january-29","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/amid-promoters-spat-indigo-parent-interglobe-aviation-to-hold-shareholders-meet-on-january-29\/","title":{"rendered":"Amid promoters\u2019 spat, IndiGo-parent InterGlobe Aviation to hold shareholders\u2019 meet on January 29"},"content":{"rendered":"<p>InterGlobe Aviation on Friday said a meeting of shareholders will be convened on January 29 to seek approval for certain changes in the company\u2019s articles of association. The meeting is being convened following request by co-promoter Rakesh Gangwal and related entities who together hold 36.64 per cent stake in the company, the parent of the country\u2019s largest airline IndiGo.<\/p>\n<p>The differences between co-founders and co-promoters \u2014 Rakesh Gangwal and Rahul Bhatia \u2014 came to the fore in July 2019 after Gangwal sought market regulator Sebi\u2019s intervention to address alleged corporate governance lapses at the company. An extraordinary general meeting (EGM) would be held on January 29 on the request of Rakesh Gangwal Group, according to a regulatory filing.<\/p>\n<p>The group comprises Rakesh Gangwal, Shobha Gangwal and The Chinkerpoo Family Trust (Trustee: Shobha Gangwal and J P Morgan Trust Company of Delaware). The EGM would vote on changes in the articles of association (AoA). Generally, an AoA provides the regulations for operating a company. Shares of InterGlobe Aviation rose over 3 per cent to Rs 1,376.60 in afternoon trade on the BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation on Friday said a meeting of shareholders will be convened on January 29 to seek approval for certain changes in the company\u2019s articles of association. The meeting is being convened following request by co-promoter Rakesh Gangwal and related entities who together hold 36.64 per cent stake in the company, the parent of the country\u2019s largest airline IndiGo. The differences between co-founders and co-promoters \u2014 Rakesh Gangwal and Rahul Bhatia \u2014 came to the fore in July 2019 after Gangwal sought market regulator Sebi\u2019s intervention to address alleged corporate governance lapses at the company. An extraordinary general meeting (EGM) [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-308707","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308707","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=308707"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308707\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=308707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=308707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=308707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}