{"id":338983,"date":"2020-02-26T10:17:19","date_gmt":"2020-02-26T04:47:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338983"},"modified":"2020-02-26T10:33:53","modified_gmt":"2020-02-26T05:03:53","slug":"sebi-probe-finds-undisclosed-related-party-transactions-at-indigo-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sebi-probe-finds-undisclosed-related-party-transactions-at-indigo-report\/","title":{"rendered":"Sebi probe finds undisclosed related party transactions at IndiGo: Report"},"content":{"rendered":"<p>A preliminary probe by the Securities and Exchange Board of India (Sebi) has suggested prima facie violations of corporate governance and listing disclosure norms in certain related-party transactions involving budget carrier IndiGo\u2019s parent firm, InterGlobe Aviation, sources said. <\/p>\n<p>While the company said it had not received any communication from Sebi on this, its shares plunged sharply in afternoon trade on Tuesday. <\/p>\n<p>IndiGo has been facing a probe by Sebi ever since a public spat came to light between the two founders of the airline, Rahul Bhatia and Rakesh Gangwal, including over certain related-party transactions involving one of the warring promoters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A preliminary probe by the Securities and Exchange Board of India (Sebi) has suggested prima facie violations of corporate governance and listing disclosure norms in certain related-party transactions involving budget carrier IndiGo\u2019s parent firm, InterGlobe Aviation, sources said. While the company said it had not received any communication from Sebi on this, its shares plunged sharply in afternoon trade on Tuesday. IndiGo has been facing a probe by Sebi ever since a public spat came to light between the two founders of the airline, Rahul Bhatia and Rakesh Gangwal, including over certain related-party transactions involving one of the warring promoters.<\/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-338983","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\/338983","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=338983"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338983\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}