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INDIGO PROMOTERS FEUD
IndiGo's Gangwal family offloads 2.9% stake in Rs 2,800 crore dealRakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their C...- Rakesh Gangwal ropes in 4 investment banks to manage his stake sale in IndiGoLate last year, IndiGo's shareholders approved a change in the company's Articles of Association, enabling Gangwal to sell his holding with...
- IndiGo's co-founder Rakesh Gangwal resigns from InterGlobe board with immediate effectHis letter to the board came barely two weeks after his partner Rahul Bhatia, with whom he has sparred for long, assumed the position of ma...
- IndiGo EGM call signals truce among promotersThe EGM has been called to amend the AoA, which, among other things, say that if one promoter decides to sell his shares, the other has the...
- IndiGo parent company to hold EGM in December end to amend articles of associationThe company's shareholders had rejected a similar proposal in an EGM last year, called at the behest of one of the founders Rakesh Gangwal....
- IndiGo says no direction to company in arbitration award related to promoters' feudIn a regulatory filing, InterGlobe Aviation said it is in receipt of the final arbitral award, dated September 23, issued in the arbitratio...
- IndiGo says have responded to all Sebi queries on related party transactionsOn Tuesday, sources told PTI that a preliminary probe by Sebi has suggested prima-facie violations of corporate governance and listing disc...
- Don't see board room issues impacting IndiGo's performance: Hardeep Singh PuriThe differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal soug...
- Promoters' feud has 'zero impact' on IndiGo, says CEOThe differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July after Gangwal sought ma...
- IndiGo places firm order for 300 A320neo family aircraft"This order is an important milestone. India is expected to continue with its strong aviation growth and we are well on our way to serve mo...
- IndiGo cofounder Rahul Bhatia takes partner Rakesh Gangwal to court in FloridaBhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.
- IndiGo promoters' feud: Rahul Bhatia files petitions seeking info in USThe differences between Bhatia and Gangwal came to the fore in July after Gangwal sought market regulator Sebi's intervention to address al...
- IndiGo CFO Rohit Philip resignsThis comes a week after company's promoter Rakesh Gangwal said the company's board has approved a new policy on related-party transactions.
- IndiGo promoters smoke peace pipe but no recalling plaintsThe battle between IndiGo's promoters showed signs of a thaw after Gangwal agreed to a new policy on related party transactions.
- Hope Rahul Gangwal's action will speak louder than words: Rahul BhatiaIn the letter to the Securities and Exchange Board of India (Sebi), Gangwal mentioned multiple issues, including various related party tran...
- Need systems to prevent Interglobe Enterprise from getting more authority: Rakesh GangwalIn a letter to chairman, Gangwal also alleged that the chairman is siding with IGE.
- Rivals spreading a false narrative, says IndiGo Rakesh GangwalIndiGo cofounder stands by the issues he has taken up with Sebi, other regulatory authorities.
- IndiGo to soon finalise policy for related-party transactionsThe talks between the two feuding camps were brokered by IndiGo chairman M Damodaran.
- IndiGo Q1 profit zooms 43 times to Rs 1,203 crore on 44% YoY jump in revenueCEO Ronojoy Dutta said that this was the highest-ever profit reported by the company.
- IndiGo tanks 5% as promoter feud escalatesLegal experts are divided as to whether SEBI or NCLT is the right jurisdiction over issues such as articles of association and related-part...
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