{"id":459635,"date":"2021-12-31T11:21:06","date_gmt":"2021-12-31T05:51:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459635"},"modified":"2021-12-31T12:22:54","modified_gmt":"2021-12-31T06:52:54","slug":"indigo-promoters-can-sell-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-promoters-can-sell-shares\/","title":{"rendered":"IndiGo promoters can sell shares"},"content":{"rendered":"<p>The shareholders of InterGlobe Aviation, the parent of budget carrier IndiGo, on Thursday approved a resolution to amend the company\u2019s articles of association (AoA) that lifts the restrictions on the promoters to sell their shares.<\/p>\n<p>The approval marks a major turning point in the over two-year feud between promoters Rahul Bhatia and Rakesh Gangwal. <\/p>\n<p>Speculation has been rife that on shareholder approval, Gangwal may sell a part of his stake in India\u2019s largest airline with a market share of around 54 per cent. <\/p>\n<p>Gangwal himself in July 2019 had said that he would not sell his shareholding and was in for the \u201clong-haul\u2019\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shareholders of InterGlobe Aviation, the parent of budget carrier IndiGo, on Thursday approved a resolution to amend the company\u2019s articles of association (AoA) that lifts the restrictions on the promoters to sell their shares. The approval marks a major turning point in the over two-year feud between promoters Rahul Bhatia and Rakesh Gangwal. Speculation has been rife that on shareholder approval, Gangwal may sell a part of his stake in India\u2019s largest airline with a market share of around 54 per cent. Gangwal himself in July 2019 had said that he would not sell his shareholding and was in [&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":[216,130,148],"tags":[],"class_list":["post-459635","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459635","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=459635"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459635\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}