Metlife plans to raise its stake in Indian venture; acquire stake of IGE, ElproMetLife said it had entered into an agreement with IGE India and Elpro International to acquire their combined stake of 15.27% in PNB MetLi...
IndiGo says no direction to company in arbitration award related to promoters' feudIn a regulatory filing, InterGlobe Aviation said it is in receipt of the final arbitral award, dated September 23, issued in the arbitratio...
InterGlobe didn’t qualify to bid for Virgin Australia: ReportsIGE had confirmed last week that it had shown interest in buying Virgin Australia, a 20-year-old carrier that has become one of the first s...
Need systems to prevent Interglobe Enterprise from getting more authority: Rakesh GangwalIn a letter to chairman, Gangwal also alleged that the chairman is siding with IGE.
Gangwal's fear Bhatia group could push questionable decisions does no credit to directors: DamodaranIn a letter to the board of InterGlobe Aviation on August 5, Gangwal said there are "serious unresolved issues" and that proposed changes t...
Can't vote for new resolution, until you prevent Rahul Bhatia from getting more powers: Rakesh Gangwal to IndiGo directorsThe issues flagged by Gangwal have led to a public, bitter feud between the two partners of IndiGo.
IndiGo co-promoter Rakesh Gangwal refutes reports of truce with Rahul BhatiaThe letter from Gangwal hits out at reports about a truce with co-promoter Rahul Bhatia.
Rivals spreading a false narrative, says IndiGo Rakesh GangwalIndiGo cofounder stands by the issues he has taken up with Sebi, other regulatory authorities.
Rakesh Gangwal’s ownership was more of sweat equity: InterGlobe Enterprises officialBhatia or IGE did not ask Gangwal to dilute some stake in the company, which could have been done.
Interglobe Enterprises dismisses ‘whistleblower plaints’ as just a smokescreenWas there really any whistleblower plaint or not? Gangwal insists there was one, while Bhatia camp denies it.
IndiGo to soon finalise policy for related-party transactionsThe talks between the two feuding camps were brokered by IndiGo chairman M Damodaran.
IndiGo promoter spat: Bhatia group says Gangwal limited his financial risksInterGlobe Enterprises (IGE) Group has issued three statements in less than a week seeking to clarify issues and reject the allegations by ...
Related-party deals probed by inhouse panel: IGEThe IGE Group said, "Paan ki dukaan is well run and managed by a competent set of managers".
Bhatia’s IGE denies it took any advantageIt said the value of related-party transactions amounted to Rs 150 crore for 2018-19.
IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s interventionGangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.
InterGlobe's Bhatia refutes charges by Gangwal, says related party transactions just 0.53% of turnoverRakesh Gangwal in a letter to Sebi has raised many governance issues relating to certain RPTs.
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