Indigo promoters’ row: Bhatia and Gangwal close to patch-up

Our Bureau New Delhi | Updated on August 24, 2019


A patch up between Rakesh Gangwal and Rahul Bhatia, the two co-promoters of IndiGo Airlines, might have been arrived at. Late on Friday evening, Gangwal issued a statement saying he will support the proposed changes to the company’s articles.

 “The board has approved a new related party transaction policy and to also close an open issue if the Articles of Association are amended at the upcoming August 27 AGM to increase the board size to 10 directors,” he said. It was not immediately clear how the patch-up between the two happened as the issue of raising the board strength was announced earlier.

Published on August 24, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like