Gangwal claims that the agreement between promoters gives Bhatia too much control and that he has used that for some questionable transaction.
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SEBI has been forced to intervene in a spat between promoters of Indigo Rahul Bhatia and Rakesh Gangwal who made serious allegations against each other.
While Gangwal claims that the agreement between promoters gives Bhatia too much control and that he has used that for some questionable transactions, Bhatia says that Gangwal and his group are trying to take over the airline and that Gangwal kept Indigo hostage by not participating in the buying of planes.
In this episode of Editor's Take, Moneycontrol Deputy Executive Editor Ravi Krishnan talks about the future of the airline.First Published on Jul 10, 2019 04:15 pm
