IndiGo's Rakesh Gangwal seeks to ease rules on buying and selling of shares

IndiGo Co-Founder Rakesh Gangwal is seeking to delete provisions in the Articles of Association that give partner Rahul Bhatia the right of first refusal if Gangwal decides to sell his shares. He also wants to remove an article preventing either from buying IndiGo shares and potentially triggering an open offer. Gangwal owns 37% of IndiGo while Bhatia controls about 38%.