{"id":454694,"date":"2021-12-07T13:04:40","date_gmt":"2021-12-07T07:34:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454694"},"modified":"2021-12-07T13:04:40","modified_gmt":"2021-12-07T07:34:40","slug":"new-development-indigo-promoters-call-egm-to-amend-aoa","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-development-indigo-promoters-call-egm-to-amend-aoa\/","title":{"rendered":"New Development: IndiGo promoters call EGM to amend AoA"},"content":{"rendered":"<p>InterGlobe Aviation, which operates the country\u2019s biggest airline IndiGo, has once again called for an extraordinary general meeting (EGM) later this month to amend the company\u2019s articles of association (AoA), which among other things, stipulate that one promoter needs the approval of the other before selling shares to a third party. The company\u2019s board has approved holding the EGM on December 30, according to a regulatory filing on Monday.<\/p>\n<p>The company\u2019s shareholders had rejected a similar proposal of co-promoter Rakesh Gangwal to amend the AoA in January 2020.<\/p>\n<p>Co-promoters of IndiGo, Rahul Bhatia and Rakesh Gangwal, have been locked in a bitter dispute now for more than a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, which operates the country\u2019s biggest airline IndiGo, has once again called for an extraordinary general meeting (EGM) later this month to amend the company\u2019s articles of association (AoA), which among other things, stipulate that one promoter needs the approval of the other before selling shares to a third party. The company\u2019s board has approved holding the EGM on December 30, according to a regulatory filing on Monday. The company\u2019s shareholders had rejected a similar proposal of co-promoter Rakesh Gangwal to amend the AoA in January 2020. Co-promoters of IndiGo, Rahul Bhatia and Rakesh Gangwal, have been locked in [&hellip;]<\/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":[196,130,138],"tags":[],"class_list":["post-454694","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454694","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=454694"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454694\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}