InterGlobe Aviation shares rise over 2 pc on announcement of shareholders meet on Jan 29
The scrip gained 2.10 per cent to close at Rs 1,360.95 on the BSE. During the day, it jumped 3.68 per cent to Rs 1,382.
At the NSE, the scrip rose by 2.14 per cent to close at Rs 1,360.95.
In signs that promoters' feud are far from over, InterGlobe Aviation on Friday announced convening a meeting of shareholders on January 29, at the request of co-promoter Rakesh Gangwal, for removing various provisions in a key document of the company.
The extraordinary general meeting (EGM) would discuss deleting various Articles pertaining to transfer and acquisiton of the company's shares, including 'Right of First Refusal' and ' Tag Along Right', in the company's Articles of Association (AoA).
The meeting is being convened on January 29 following request by Rakesh Gangwal (RG) Group and related entities who together hold 36.64 per cent stake in the company, a regulatory filing said on Friday.