{"id":459440,"date":"2021-12-31T08:37:32","date_gmt":"2021-12-31T03:07:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459440"},"modified":"2021-12-31T08:55:37","modified_gmt":"2021-12-31T03:25:37","slug":"at-egm-indigo-shareholders-back-resolution-to-scrap-rofr-clause","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/at-egm-indigo-shareholders-back-resolution-to-scrap-rofr-clause\/","title":{"rendered":"At EGM, IndiGo shareholders back resolution to scrap RoFR clause"},"content":{"rendered":"<p>Shareholders of InterGlobe Aviation, the parent company of IndiGo, have voted to scrap a clause in the articles of association (AoA) that gives the airline\u2019s two promoters a right of first refusal (RoFR) over the acquisition of each other\u2019s shares.<\/p>\n<p>InterGlobe Aviation is promoted by Rahul Bhatia and Rakesh Gangwal. Together, they own a 74.4 per cent stake in the country\u2019s largest airline. <\/p>\n<p>The removal of the clause will now allow either side to sell or transfer shares to a third party without giving each other notice.<\/p>\n<p>More than 99.9 per cent of the airline\u2019s shareholders voted in favour of removing the clause at the company\u2019s extraordinary general meeting (EGM) on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders of InterGlobe Aviation, the parent company of IndiGo, have voted to scrap a clause in the articles of association (AoA) that gives the airline\u2019s two promoters a right of first refusal (RoFR) over the acquisition of each other\u2019s shares. InterGlobe Aviation is promoted by Rahul Bhatia and Rakesh Gangwal. Together, they own a 74.4 per cent stake in the country\u2019s largest airline. The removal of the clause will now allow either side to sell or transfer shares to a third party without giving each other notice. More than 99.9 per cent of the airline\u2019s shareholders voted in favour of [&hellip;]<\/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-459440","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\/459440","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=459440"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459440\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}