IndiGo to put in place new policy on related party transactions

NEW DELHI: InterGlobe AviationNSE -0.51 %’s board of directors has approved a new policy on related party transactions, sources said on Wednesday, amid promoters feuding over governance issues.

Simmering differences between co-promoters — Rahul Bhatia and Rakesh Gangwal — came into the open after the latter sought intervention of markets regulator Sebi to address alleged corporate governance lapses on July 8.