Rakesh Gangwal
The company's scrip has been on a backfoot ever since the differences between the promoters were made public last Tuesday.
15 Jul 2019 7:35 PM

The scrip of the company had fallen 4.17 per cent to Rs 1,300 during the day on the BSE.

With promoter spat intensifying at IndiGo, markets watchdog Sebi and the corporate affairs ministry have started digging deep into allegations of governance lapses and violations. (Representational Image)
15 Jul 2019 1:36 PM

The scrip declined 4.17 per cent to Rs 1,300 on the BSE.

The company could face strict regulatory action, including overriding of existing pacts, in case there are violations of the Act.
15 Jul 2019 1:34 AM

Gangwal has sought Sebi's intervention into corporate governance lapses at the company.

Gangwal has sought markets watchdog Sebi's intervention to address the corporate governance issues at InterGlobe Aviation -- the parent of the country's largest carrier IndiGo -- where he holds around 37 per cent stake while Bhatia group has about 38 per cent shareholding. (Representational Image)
14 Jul 2019 7:27 PM

IGE Group has now issued three statements in less than a week seeking to clarify issues and reject allegations made by Gangwal.

IndiGo co-founder and billionaire Rakesh Gangwal's 'paan ki dukaan' (betel shop) jibe seems to have caught the imagination of even co-founder Rahul Bhatia's camp. (Representational Image)
14 Jul 2019 4:39 PM

'Coterie' and personal 'fiefdoms' were among the interesting usages by SFIO in its report on irregularities at IL&FS.

Bringing into public the differences between long-time friends and promoters of IndiGo into the open, Rakesh Gangwal has sought Sebi's intervention into alleged corporate governance lapses at the company. (Representational Image)
14 Jul 2019 2:31 PM

InterGlobe Aviation has come under intense regulatory scanner and there are indications of multiple violations of Sebi norms.

Asserting that 'pan ki dukaan' (betel shop) has apparently done well, InterGlobe Enterprises said there was no abuse of rights and Gangwal's proposal for convening an Extraordinary General Meeting (EGM) was rejected on the basis of a legal opinion obtained by the board of InterGlobe Aviation. (Representational Image)
12 Jul 2019 6:46 PM

This is the second time in three days that Bhatia camp has issued a statement.

InterGlobe Aviation's co-promoters Rakesh Gangwal and Rahul Bhatia are locked in a bitter battle with the former seeking intervention of markets regulator Sebi to address the problems.
11 Jul 2019 6:06 PM

On the BSE, the scrip declined 3.07 per cent to close the counter at Rs 1,354.85.

InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country’s largest carrier IndiGo.
11 Jul 2019 2:41 PM

Responding to the allegations, SEBI had sought a reply from InterGlobe by July 19.

IndiGo came into public on Tuesday with Rakesh Gangwal alleging serious governance lapses by co-founder Rahul Bhatia
10 Jul 2019 1:33 PM

The issues brewing for nearly a year, Gangwal has sought markets regulator Sebi’s intervention to address the problems.

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