NEW DELHI: After a public spat, the co-promoters of India’s largest airline, IndiGo, are trying to smoke the peace pipe. The InterGlobe Aviation (IGE), which operates IndiGo, has already agreed to increase the size of its Board from six members to 10, and approved a new policy on Related Party Transactions (RPTs).
RPTs involving Rahul Bhatia-led IGE and small size of the Board were a few of the issues flagged by the other promoter, Rakesh Gangwal, in his letter to Securities and Exchange Board of India (SEBI), where he alleged lack of corporate governance in the airline’s operations.
