{"id":331772,"date":"2020-01-31T11:50:08","date_gmt":"2020-01-31T06:20:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331772"},"modified":"2020-01-31T11:50:08","modified_gmt":"2020-01-31T06:20:08","slug":"shareholders-of-indigo-reject-proposal-to-tweak-articles-of-association","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shareholders-of-indigo-reject-proposal-to-tweak-articles-of-association\/","title":{"rendered":"Shareholders of IndiGo reject proposal to tweak Articles of Association"},"content":{"rendered":"<p>NEW DELHI: Contrary to expectations, shareholders of IndiGo rejected a proposal by promoter and co-founder Rakesh Gangwal to amend the company\u2019s Articles of Association (AoA). The absence of Gangwal from the Extraordinary General Meeting (EGM), which he himself had called for, unsettled the shareholders of India\u2019s largest airline so much so that chairman M Damodaran had to call security guards to bring the situation under control. <\/p>\n<p>\u201cThe Special Resolution has not been passed as the votes cast in favour (48.55 per cent) of the resolution are less than three times the number of votes cast against (51.44 per cent) the resolution,\u201d IndiGo\u2019s parent firm InterGlobe Aviation said in a BSE filing after the EGM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Contrary to expectations, shareholders of IndiGo rejected a proposal by promoter and co-founder Rakesh Gangwal to amend the company\u2019s Articles of Association (AoA). The absence of Gangwal from the Extraordinary General Meeting (EGM), which he himself had called for, unsettled the shareholders of India\u2019s largest airline so much so that chairman M Damodaran had to call security guards to bring the situation under control. \u201cThe Special Resolution has not been passed as the votes cast in favour (48.55 per cent) of the resolution are less than three times the number of votes cast against (51.44 per cent) the [&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":[208,130,143],"tags":[],"class_list":["post-331772","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331772","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=331772"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331772\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}