IndiGo board war: Independent director Anupam Khanna backs Rakesh Gangwal

The independent director on IndiGo’s board, Anupam Khanna, has supported co-promoter Rakesh Gangwal’s apprehensions that the expansion of the airline’s board from the current 6 to 10 can give the other promoter Rahul Bhatia’s InterGlobe Enterprises (IGE) more powers and has questioned chairman M Damodaran’s approach in dealing with the situation. In an e-mail to Damodaran, who is also an independent director, Khanna has alleged that Bhatia’s IGE group has trampled over opposition from other directors in the past.

Gangwal on Wednesday made public this letter from Khanna to Damodaran, which highlighted his discontentment with the way Articles of Association is to be amended at the annual general meeting (AGM) scheduled for August 27.