InterGlobe Aviation on Friday said a meeting of shareholders will be convened on January 29 to seek approval for certain changes in the company's articles of association.
The meeting is being convened following request by co-promoter Rakesh Gangwal and related entities who together hold 36.64 per cent stake in the company, the parent of the country's largest airline IndiGo.
The differences between co-founders and co-promoters—Rakesh Gangwal and Rahul Bhatia—came to the fore in July 2019 after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company.
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An extraordinary general meeting (EGM) would be held on January 29 on the request of Rakesh Gangwal Group, according to a regulatory filing.
The group comprises Rakesh Gangwal, Shobha Gangwal and The Chinkerpoo Family Trust (Trustee: Shobha Gangwal and J P Morgan Trust Company of Delaware).
The EGM would vote on changes in the articles of association (AoA). Generally, an AoA provides the regulations for operating a company.
Shares of InterGlobe Aviation rose over 3 per cent to Rs 1,376.60 in afternoon trade on the BSE.