IndiGo parent InterGlobe Aviation shares drop nearly 4% after shareholders reject co-promoter Rakesh Gangwal's proposal
As per the AoA, if any member of Bhatia-led IGE Group wants to transfer shares to a third party, then the non-transferring group will have the 'Right of First Refusal' subject to certain conditions.
Minority stakes count: Cyrus Mistry's NCLAT win in Tata Sons tussle is a significant precedent in refining shareholder democracy in India
The Tata-Mistry ruling should give a sobering message to promoter-driven companies that running a public company through a board involves procedures and practices that go beyond a simple majority-oriented approach
IndiGo promoters' dispute impact: Board decides to increase strength to 10; to have 4 independent directors
The decision, taken during the company's board meeting on 20 July, comes against the backdrop of feud between co-promoters of IndiGo
NCLAT asks Cyrus Mistry camp to submit specific changes it wants in Tata Sons Articles of Association
Cyrus Mistry in his pleas primarily argued that his removal was not in accordance with the Companies Act and that there was rampant mismanagement of affairs across Tata Sons.