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Total 18 results found. Search for [ indigo promoter dispute ]

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BusinessToday.In
July 18, 2019
A new report by Institutional Investor Advisory Firm (IiAS) claims that Rakesh Gangwal and Rahul Bhatia attended less than 40 per cent of the board meetings in FY16 and FY17, before improving their track record to 63 per cent in FY18. The proxy advisory firm has also made a case for expanding IndiGo's board.


BusinessToday.In
New Delhi, July 14, 2019
Rakesh Gangwal had flagged questionable related-party transactions and corporate governance issues at InterGlobe Aviation and raised concerns over Bhatia's unusual controlling rights over IndiGo


BusinessToday.In
New Delhi, July 13, 2019
Aarti Sehwag further added that the accused influenced the creditors by taking her husband, former cricketer Virender Sehwag's name.


BusinessToday.In
New Delhi, July 12, 2019
Rahul Bhatia said that there was not any abuse of rights and Gangwal's proposal for convening an Extraordinary General Meeting (EGM) was rejected on the basis of a legal opinion obtained by IndiGo board


BusinessToday.In
New Delhi, July 11, 2019
Religare Enterprises has entered into a binding term sheet with TCG Advisory Services (TCG) for sale of its entire stake in its NBFC arm, RFL and RFL's subsidiary Religare Housing Development Finance Corporation


BusinessToday.In
New Delhi, July 11, 2019
IndiGo co-founder Rakesh Gangwal has cited the board's rejection of his request for an Extraordinary General Meeting of shareholders as one of the examples of the collapsing corporate governance standards\" at the airline. Here's a look at the events that led him to knock on SEBI's door.


BusinessToday.In
New Delhi, July 11, 2019
Boosted by the debt resolution plan, shares of Reliance Infrastructure jumped 10.98 per cent to close at Rs 51.05 apiece on the Bombay Stock Exchange


BusinessToday.In
New Delhi, July 11, 2019
In a letter to Sebi chairman Ajay Tyagi, Gangwal alleged several violations at IndiGo including breach of corporate governance regulations, code of conduct, and appointment of senior management personnel


BusinessToday.In
July 11, 2019
IndiGo row: RG Group which is controlled by InterGlobe Aviation co-founder Rakesh Gangwal did not support the board's decision to place such a large order with CFM.


PTI
New Delhi, July 10, 2019
Rakesh Gangwal, one of the promoters of IndiGo, on Tuesday alleged serious governance lapses by its co-founder Rahul Bhatia, who had earlier termed his demands as unreasonable


BusinessToday.In
July 10, 2019
InterGlobe Aviation stock has formed a gap down chart pattern today and trades below its 30 and 50-day simple moving averages. The share price of InterGlobe Aviation has fallen 17 % in one month and 13% in last week.


BusinessToday.In
New Delhi, July 10, 2019
Bhatia's wrote this letter to the IndiGo board and the company secretary on June 12 after Gangwal had sought to convene an extraordinary general meeting of the company


BusinessToday.In
New Delhi, July 10, 2019
Gangwal flags serious corporate governance lapses at the company and says even a 'paan ki dukaan' (betel shop) would have managed matters with more grace


Manu Kaushik
New Delhi, May 17, 2019
Crucial differences include pace of expansion, use of aircraft for overseas operations and recent management changes; it seems Gangwal's signature is written all over IndiGo's current strategy


BusinessToday.In
New Delhi, May 17, 2019
IndiGo CEO soothes nerves after promoter dispute crashes stock, BMW launches new X5 SUV, to roll out more models this year, Trump terminates designation of Turkey as GSP beneficiary nation, and more news on the News Blast.


BusinessToday.In
May 17, 2019
Although the co-founders of the airline, Rahul Bhatia and Rakesh Gangwal, have a nearly equal stake in the airline, the shareholders' agreement in slanted in favour of the former. This, along with their divergent views on IndiGo's expansion, has caused the rift between the promoters


BusinessToday.In
New Delhi, May 17, 2019
Strategic investments after sectoral analysis to boost economic growth: Suresh PrabhuStrategic investments based on a clear sectoral analysis will further strengthen India's economic growth, Union Commerce Minister Suresh Prabhu said Thursday. He also emphasised on focussing on district-development led growth to drive inclusivity in the society. Prabhu was speaking at the 'Policy Round Table' organised by industry body CII in Mumbai. PNB calls off deal to sell stake in PNB Housing Financ...


BusinessToday.In
New Delhi, May 16, 2019
IndiGo CEO Ronojoy Dutta assures employees that the growth strategy of the airline is fully in place, and the management is fully charged by the board to implement it


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