IndiGo’s board approves new related party transaction policy: Gangwal

New Delhi: The board of directors of InterGlobe Aviation Ltd., the company that operates the country’s largest airlines IndiGo, has approved a new policy on related-party transaction (RPT), IndiGo’s co-promoter Rakesh Gangwal said on Friday.

“The Board also has now approved a new related party transaction policy and to close an open issue if the Articles of Association (AoA) are amended at the upcoming August 27 AGM to increase the Board size to 10 directors,” Gangwal said in a post on his website.

Gangwal had earlier questioned board chairman M. Damodaran for not adopting the agreed related-party transactions (RPTs) policy, and calling board and committee meetings after the company’s annual general meeting (AGM) slated for 27 August.