{"id":331431,"date":"2020-01-30T11:16:04","date_gmt":"2020-01-30T05:46:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331431"},"modified":"2020-01-30T11:16:04","modified_gmt":"2020-01-30T05:46:04","slug":"indigo-shareholders-reject-rakesh-gangwals-proposal-to-amend-articles-of-association","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-shareholders-reject-rakesh-gangwals-proposal-to-amend-articles-of-association\/","title":{"rendered":"IndiGo shareholders reject Rakesh Gangwal\u2019s proposal to amend Articles of Association"},"content":{"rendered":"<p>NEW DELHI : Shareholders of InterGlobe Aviation Ltd, which runs India\u2019s largest airline IndiGo, rejected co-promoter Rakesh Gangwal\u2019s proposal to amend the company\u2019s articles of association (AoA), which could have provided him a clean exit if he so desired amid an escalating feud with partner Rahul Bhatia.<\/p>\n<p>If the amendment was approved, it would have done away with the Bhatia-led group\u2019s right of first refusal to buy Gangwal\u2019s stake in case the latter decided to sell his shares.<\/p>\n<p>About 51.11% of the valid votes rejected the special resolution, while 48.56% were in favour, according to a filing with stock exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Shareholders of InterGlobe Aviation Ltd, which runs India\u2019s largest airline IndiGo, rejected co-promoter Rakesh Gangwal\u2019s proposal to amend the company\u2019s articles of association (AoA), which could have provided him a clean exit if he so desired amid an escalating feud with partner Rahul Bhatia. If the amendment was approved, it would have done away with the Bhatia-led group\u2019s right of first refusal to buy Gangwal\u2019s stake in case the latter decided to sell his shares. About 51.11% of the valid votes rejected the special resolution, while 48.56% were in favour, according to a filing with stock exchanges.<\/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-331431","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\/331431","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=331431"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331431\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}