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Indigo Shareholders Reject Change To Share Transfer Norm
The Hindu
|January 30, 2020
In blow to Gangwal, resolution on right of first refusal on equity sale voted out
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In the latest round of the ongoing duel between IndiGo co-founders, Rahul Bhatia and Rakesh Gangwal (RG), the former has emerged as the winner.
The airline’s shareholders on Wednesday voted overwhelmingly against a special resolution proposed by Mr. Gangwal which would deny his rival the right of first refusal in case of an equity sale.
In a BSE filing after the meeting, InterGlobe Aviation Ltd. (IGAL) informed the resolution was defeated as the votes cast against it were more than three times than those cast in favour.
Dit verhaal komt uit de January 30, 2020-editie van The Hindu.
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