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IndiGo promoters call EGM on Dec 30 to amend share clauses

A removal of the clause will allow either side to sell or transfer shares to a third entity without giving each other notice

Topics
IndiGo | promoter holdings

Aneesh Phadnis  |  Mumbai 



indigo, airlines, aviation, flights, air craft
In October, Gangwal had moved Delhi High Court, seeking directions for calling the EGM. However, the court disposed of his petition

The promoters of India’s largest airline, IndiGo, have called an extraordinary general meeting (EGM) on December 30 to scrap a clause in the company’s articles of association (AoA), which gives them the right of first refusal (RoFR) over acquisition of each other’s shares.

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First Published: Mon, December 06 2021. 20:34 IST

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