InvestorQ : What is the ROFR clause in the Interglobe board meeting?
ishika Banerjee made post

What is the ROFR clause in the Interglobe board meeting?

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5 months ago
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At the EGM of Interglobe Aviation, shareholders passed a resolution to amend the contentious ROFR clause in the AOA. Interglobal is the holding company of Indigo Airlines. The two co-promoters (Rahul Bhatia with 37.83% stake and Rakesh Gangwal with 36.61% stake) have had deep differences over the Interglobe management. Now, the resolution states gives both owners the Right of First Refusal (ROFR) pertaining to each other’s stake in the company.

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