Government wants Sebi to probe deeper into IndiGo spat, expand investigation to all board members

The government wants market regulator Sebi to probe role of all board members and every entity associated with the two main promoter groups of InterGlobe AviationNSE 1.41 % and take strict action for all wrongdoings, officials said.

InterGlobe Aviation is the parent of the country’s largest airline IndiGo.

There are indications about violations of corporate governance, fair market trade and insider trading rules and the regulator needs to probe role of each and every entity