Interglobe Enterprises

Showing 1 of 17 from 17 results
Interglobe Enterprises - Total results - 17
Rahul Bhatia's InterGlobe Enterprises joins list of bidders for bankrupt airline Virgin Australia
Business

Rahul Bhatia's InterGlobe Enterprises joins list of bidders for bankrupt airline Virgin Australia

Virgin Australia is one of the first major airlines to seek bankruptcy protection in response to the pandemic

SEBI probe suggests prima facie violations of norms in IndiGo related party transactions; shares plunge nearly 5%
Business

SEBI probe suggests prima facie violations of norms in IndiGo related party transactions; shares plunge nearly 5%

IndiGo has been facing a probe by the SEBI ever since a public spat came to light between two founders of the airline, including over certain related party transactions involving one of the warring promoters.

IndiGo parent InterGlobe Aviation shares drop nearly 4% after shareholders reject co-promoter Rakesh Gangwal's proposal
Business

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.

IndiGo promoter feud: Rahul Bhatia, InterGlobe Enterprises seek arbitration proceedings in London
Business

IndiGo promoter feud: Rahul Bhatia, InterGlobe Enterprises seek arbitration proceedings in London

InterGlobe Aviation is the parent of IndiGo, the country's largest airline in terms of domestic market share

IndiGo promoters spat: Hope Rakesh Gangwal's action will speak louder than words: Rahul Bhatia
Business

IndiGo promoters spat: Hope Rakesh Gangwal's action will speak louder than words: Rahul Bhatia

In the letter to SEBI, Gangwal mentioned multiple issues, including various related party transactions (RPTs) of IndiGo with Bhatia group's company, InterGlobe Enterprises.

IndiGo promoters spat: Govt to examine if issues in airline are management dispute or companies law violation
Business

IndiGo promoters spat: Govt to examine if issues in airline are management dispute or companies law violation

The ministry, which is implementing the companies law, has sought information from InterGlobe Aviation -- the parent of IndiGo — after Gangwal raised red flags in July.

Rakesh Gangwal's fear of Bhatia group pushing questionable decisions does no credit to directors: IndiGo chairman M Damodaran
Business

Rakesh Gangwal's fear of Bhatia group pushing questionable decisions does no credit to directors: IndiGo chairman M Damodaran

Amid the ongoing feud between promoters, IndiGo Chairman M Damodaran has said Rakesh Gangwal's apprehension that Rahul Bhatia's group could push through questionable decisions after board expansion does no credit to the fiduciary responsibilities of directors

IndiGo parent firm InterGlobe Aviation to put in place new policy on related party transactions amid promoters' feud
Business

IndiGo parent firm InterGlobe Aviation to put in place new policy on related party transactions amid promoters' feud

RPTs involving Bhatia's InterGlobe Enterprises was one of the issues flagged by Gangwal in his letter.

IndiGo promoter spat: Rahul Bhatia group says Rakesh Gangwal limited his financial risks
Business

IndiGo promoter spat: Rahul Bhatia group says Rakesh Gangwal limited his financial risks

According to a statement, IGE Group continued to support the startup (IndiGo) without diluting Gangwal's potential upside.

IndiGo crisis: Rift between promoters Rakesh Gangwal and Rahul Bhatia makes airline miss out on opportunities
Business

IndiGo crisis: Rift between promoters Rakesh Gangwal and Rahul Bhatia makes airline miss out on opportunities

The IndiGo CEO, Ronojoy Datta, in the meanwhile has neither addressed not declined that problems exist, which might be a tacit admission in disguise.

InterGlobe Hotels plans Rs 700 cr investment to add 6 hotels in India by 2022
Business

InterGlobe Hotels plans Rs 700 cr investment to add 6 hotels in India by 2022

InterGlobe Hotels was established in 2004 for development of the 'ibis' network of hotels in India, Nepal, Sri Lanka and Bangladesh

Indian companies' foreign investment declines 36% to $1.39 bn in July, shows RBI data
Business

Indian companies' foreign investment declines 36% to $1.39 bn in July, shows RBI data

Of the $1.39 billion invested in July this year, $608.52 million was the equity capital, $406.74 million was through loan and $371.86 million came in the form of issuance of guarantees.

IndiGo likely to file prospectus for $400 million IPO today
Corporate

IndiGo likely to file prospectus for $400 million IPO today

India's biggest airline, IndiGo, is likely to file the prospectus for a stock market listing that will raise around $400 million later on Tuesday, two banking sources with knowledge of the matter said.

IndiGo to file prospectus for $400 mn float next week: sources
Business

IndiGo to file prospectus for $400 mn float next week: sources

IndiGo has picked Citigroup, Kotak Investment Banking, Morgan Stanley and JP Morgan Chase as lead managers for the listing, as well as UBS and Barclays, two of the sources said.

Nagaraj G N Joins InterGlobe As Group CIO
Biztech

Nagaraj G N Joins InterGlobe As Group CIO

After a year of offering services as an Independent Technology Consultant, Nagaraj takes on the Group CIO role at InterGlobe Enterprises.