{"id":308860,"date":"2020-01-04T12:29:57","date_gmt":"2020-01-04T06:59:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=308860"},"modified":"2020-01-04T12:29:57","modified_gmt":"2020-01-04T06:59:57","slug":"indigo-parent-to-hold-egm-on-jan-29-as-rakesh-gangwal-seeks-changes-in-aoa","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-parent-to-hold-egm-on-jan-29-as-rakesh-gangwal-seeks-changes-in-aoa\/","title":{"rendered":"IndiGo parent to hold EGM on Jan 29 as Rakesh Gangwal seeks changes in AoA"},"content":{"rendered":"<p>InterGlobe Aviation, the parent company of India\u2019s largest airline IndiGo, Friday announced convening a meeting of shareholders on January 29, at the request of co-promoter Rakesh Gangwal, for removing various provisions in the company\u2019s Articles of Association (AoA).<\/p>\n<p>In signs that the feud between the two promoter groups is continuing to persist, Gangwal \u2014 who co-founded IndiGo with Rahul Bhatia \u2014 is seeking to delete certain rules in the company\u2019s AoA that give Bhatia the \u2018right of first refusal\u2019 (ROFR) should Gangwal choose to sell his shares. The extraordinary general meeting (EGM) would discuss deleting various Articles pertaining to transfer and acquisition of the company\u2019s shares, including \u2018ROFR\u2019 and \u2018Tag Along Right\u2019, in the firm\u2019s AoA, according to the meeting notice posted by IndiGo with stock exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, the parent company of India\u2019s largest airline IndiGo, Friday announced convening a meeting of shareholders on January 29, at the request of co-promoter Rakesh Gangwal, for removing various provisions in the company\u2019s Articles of Association (AoA). In signs that the feud between the two promoter groups is continuing to persist, Gangwal \u2014 who co-founded IndiGo with Rahul Bhatia \u2014 is seeking to delete certain rules in the company\u2019s AoA that give Bhatia the \u2018right of first refusal\u2019 (ROFR) should Gangwal choose to sell his shares. The extraordinary general meeting (EGM) would discuss deleting various Articles pertaining to transfer [&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":[130],"tags":[],"class_list":["post-308860","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308860","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=308860"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308860\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=308860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=308860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=308860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}