New Delhi: Pandemic uncertainty remains but Indigo can fly to the new year with their founding promoters – Rahul Bhatia and Rakesh Gangwal – burying ax.
The remains of the biggest fight among them for the sale of shares with each agreement were removed in the extraordinary general meeting (EGM) here by changing the company’s basic budget on Thursday.
Although it is very unlikely, it still has to be seen if the Gangwal group comes out or weakens its holding in the largest airline of India.
The two groups collectively accommodate 74.4% of shares in Intergobe flights (Iga, Indigo Parent Company) almost the same.
The end of the friction war means a large blue airline can face upcoming challenges such as the Mega Air Mega Air airline formed next year and the entry of Big Bull in the Heaven of India.
“…
Company members in EGM held on December 30, 2021, have agreed to a special resolution for the amendments to the Articles of Association with the elimination of Article 1.6 to 1.15 (Equity Stock Transfer), 1.16- 1.20 (Stock Acquisition ) and 2A (other provisions in equity stocks), with the majority needed, “said IGA in the submission of regulations.
The RUPSLB is called the request with both.
The articles were removed, among others, that “if there are members of the group RG (Rakesh Gangwal) group or IgE (Rahul Bhatia) propose to transfer its equity shares to third parties, other groups must have their rights.
Single policy for: Buying Stock Transfers …
or tag together …
“another article that is now removed says that if one group transfers shares other than in the stock exchange, it must first notify another group about the same thing and reveal the identity of the proposed buyer.
And, another party until Friday has a choice like the first rejection right to buy and ask the purchase to take the same number of shares of the two groups.
“All of these fightes are basically an ego problem between Bhatia and Gangwal who used to be good friends who had recently created and created the largest and most successful airlines in India in the contemporary time.
While the requirements for Padang Jurah sales were lost, it was impossible for a gangwal group.
Will come out of Indigo or substantially melt the holding.
We hope they gather for the next round of the growth of airline and warning ‘dual input’ in the indigo cockpit end, “said an industrial insider.