Rakesh Gangwal’s resolution rejected at IndiGo EGM
The billionaire co-founder of IndiGo received a setback as shareholders of the airline refused to pass his resolution seeking changes in the articles of association of the company.
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Rahul Bhatia’s IGE rebuts Gangwal’s claims
InterGlobe Enterprises said that related party transactions between IndiGo and itself stood at ₹150.12 crore in FY19, accounting for 0.53% of the airline’s turnover.
Gangwal’s angst lies elsewhere: Rahul Bhatia
IndiGo co-founder Rahul Bhatia in a letter to the airline’s board of directors says his co-founder Rakesh Gangwal’s “ego has been hurt”.
IndiGo’s dirty linen out in the open
IndiGo co-founder Rakesh Gangwal accuses Rahul Bhatia and his affiliate firm IGE Group of violating corporate governance norms; questions the integrity of the airline’s board, too.
There may be differences on certain matters: IndiGo CEO
IndiGo CEO Ronojoy Dutta issued a statement to dispel speculations over a possible rift between the airline’s two co-founders. But, he did allude to the fact that there were differences.
IndiGo’s billionaire troubles
Given IndiGo’s market domination, the reported rift between Rakesh Gangwal and Rahul Bhatia, the billionaire co-founders of the airline, could have an adverse impact on the Indian aviation industry.
Aditya Ghosh to end his stint at IndiGo
Ghosh is likely to start a new venture after he leaves the airline on July 31
The smell of success
Rahul Bhatia made Indigo one of India’s leading airlines. Now he is on to Building the country’s first travel conglomerate.
