IndiGo: Could this get Rakesh Gangwal to patch up with Rahul Bhatia?
The much publicised fight between IndiGo promoters Rakesh Gangwal and Rahul Bhatia has resulted in nearly $1.5 billion of wealth erosion in just two trading sessions on the stock exchanges. And the big reason for that is the markets fear the Batman and Robin of India’s largest airline have reached a point of no return?
Besides a call for more than two independent directors on the Board, Gangwal is standing firm on three provisions that must be incorporated and they deal with related party transactions.
