financetom
Business
financetom
/
Business
/
IndiGo's minority shareholders approach board over A320 Neo deal, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IndiGo's minority shareholders approach board over A320 Neo deal, says report
May 17, 2019 1:11 AM

Minority shareholders of IndiGo have approached the board of directors with allegations of mismanagement, reported Business Standard.

The shareholders have raised questions over various deals and contracts signed by the carrier, the report said citing sources close to the matter.

The key among them is the deal struck by IndiGo for A320 Neo aircraft, the report said. The carrier had signed an order for 180 A320 Neos back in 2011 followed by 250 more orders in 2015.

The sources quoted in the report claimed that the minority stakeholders have complained that the carrier is reluctant to share details regarding the A320 Neo contract. The fact that the newly inducted aircraft is suffering from various technical issues leading to the grounding of at least a dozen aircraft have made the matter worse, the report added.

The development comes at a time when a rift has surfaced between the company’s promoters Rahul Bhatia and Rakesh Gangwal over strategy issues.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Roblox Insider Sold Shares Worth $1,080,572, According to a Recent SEC Filing
Roblox Insider Sold Shares Worth $1,080,572, According to a Recent SEC Filing
May 26, 2025
04:11 AM EDT, 05/19/2025 (MT Newswires) -- Anthony P Lee, Director, on May 14, 2025, sold 13,600 shares in Roblox ( RBLX ) for $1,080,572. Following the Form 4 filing with the SEC, Lee has control over a total of 8,424,309 Class A common shares of the company, with 8,424,309 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1315098/000141588925013510/xslF345X05/form4-05162025_110534.xml ...
Middleby Insider Bought Shares Worth $7,665,034, According to a Recent SEC Filing
Middleby Insider Bought Shares Worth $7,665,034, According to a Recent SEC Filing
May 26, 2025
03:38 AM EDT, 05/19/2025 (MT Newswires) -- Edward P Garden, Director, on May 14, 2025, executed a purchase for 51,571 shares in Middleby ( MIDD ) for $7,665,034. Following the Form 4 filing with the SEC, Garden has control over a total of 3,139,834 common shares of the company, with 3,139,834 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/769520/000121390025045047/xslF345X05/ownership.xml ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Zillow Group Insider Sold Shares Worth $1,267,022, According to a Recent SEC Filing
Zillow Group Insider Sold Shares Worth $1,267,022, According to a Recent SEC Filing
May 26, 2025
04:13 AM EDT, 05/19/2025 (MT Newswires) -- Jeremy Wacksman, Director, Chief Executive Officer, on May 14, 2025, sold 18,402 shares in Zillow Group (Z AND ZG) for $1,267,022. Following the Form 4 filing with the SEC, Wacksman has control over a total of 171,517 Class C capital shares of the company, with 171,517 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1617640/000161764025000074/xslF345X05/wk-form4_1747433263.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved