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INDIGO FEUD
Rakesh Gangwal joins Southwest Airlines boardSouthwest Airlines addresses investor criticism by appointing veteran airline executive Rakesh Gangwal to its board, known for co-founding ...- Rakesh Gangwal doesn’t have the remotest interest in SpiceJet: BankersA banker with close ties to Rakesh Gangwal, one of the co-founders of IndiGo, has stated that Gangwal has no plans to make an investment in...
- IndiGo's co-founder Rakesh Gangwal resigns from InterGlobe board with immediate effectHis letter to the board came barely two weeks after his partner Rahul Bhatia, with whom he has sparred for long, assumed the position of ma...
- 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...
- IndiGo says have responded to all Sebi queries on related party transactionsOn Tuesday, sources told PTI that a preliminary probe by Sebi has suggested prima-facie violations of corporate governance and listing disc...
- Don't see board room issues impacting IndiGo's performance: Hardeep Singh PuriThe differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal soug...
- Rakesh Gangwal has a history of being uncooperative: IndiGo co-founder Rahul BhatiaRahul Bhatia makes claim in fresh plea in US court to get documents from partner Gangwal.
- IndiGo places firm order for 300 A320neo family aircraft"This order is an important milestone. India is expected to continue with its strong aviation growth and we are well on our way to serve mo...
- IndiGo promoter feud: Rahul Bhatia, IGE file for arbitration in London Court against Rakesh GangwalInterGlobe Aviation is the parent of IndiGo, the country's largest airline in terms of domestic market share.
- IndiGo replaces its CFO, brings in GE veteranIndiGo earlier this year signed a $20 billion contract with CFM-a joint venture between GE and France’s Safran-to buy engines for its plane...
- IndiGo promoters smoke peace pipe but no recalling plaintsThe battle between IndiGo's promoters showed signs of a thaw after Gangwal agreed to a new policy on related party transactions.
- Hope Rahul Gangwal's action will speak louder than words: Rahul BhatiaIn the letter to the Securities and Exchange Board of India (Sebi), Gangwal mentioned multiple issues, including various related party tran...
- IndiGo row: MCA to look if issues are management dispute or companies law violationThe ministry, which is implementing the companies law, has sought information from InterGlobe Aviation - the parent of IndiGo - after Gangw...
- IndiGo's independent director Anupam Khanna supports GangwalKhanna, in a letter to airline chairman M Damodaran, has supported Gangwal’s move and termed it a safeguard.
- 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...
- IndiGo to soon finalise policy for related-party transactionsThe talks between the two feuding camps were brokered by IndiGo chairman M Damodaran.
- IndiGo to put in place new policy on related party transactionsUnder the new policy, external advice would be sought for RPTs that are worth over Rs 2 crore and bidding process would be mandatory for an...
- Government seeks explanation from IndiGo on Gangwal's complaintIn a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Af...
- Sebi seeks details from IndiGo on promoter complaintsGangwal listed out certain serious concerns regarding governance matters at IndiGo.
- IndiGo founders differ on only 'one issue', says CEO Ronojoy Dutta"There is one issue that they are debating right now and we hope to resolve that," the CEO said.
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