Amid signs of truce between IndiGo’s warring promoters, Gangwal skips AGM

New Delhi: Amid signs of truce between its warring promoters, InterGlobe Aviation, which runs private airline IndiGo, on Tuesday told shareholders in the annual general meeting (AGM) that all the related party transactions (RPTs) are at an arm’s length.

Airline co-promoter Rakesh Gangwal, who earlier questioned the RPTs and sought action by market regulator Sebi, did not attend the crucial meeting. Independent Director Anupam Khanna, who has supported Gangwal on the contentious issue, was also absent.

InterGlobe shares closed at ₹1,649 a piece, 1.85 per cent lower over the previous close on the BSE on Tuesday.