IndiGo to soon finalise policy for related-party transactions
NEW DELHI: IndiGoNSE -0.51 % is close to finalising a policy to regulate the issue of related-party transactions (RPTs), a move aimed at addressing the concerns raised by co-promoter Rakesh Gangwal, who has complained to the markets regulator against transactions between Rahul Bhatia’s InterGlobe Enterprises (IGE) and the airline.
The shareholders’ agreement between Gangwal and Bhatia which is to expire in October will not be renewed. As reported by ET earlier, the composition of the IndiGo board is being expanded from six to 10.
