IndiGo’s Gangwal and Bhatia bury the hatchet for now
New Delhi: The warring promoters of InterGlobe Aviation Ltd, which operates the country’s largest carrier IndiGo, have made peace for now, as both sides have agreed to the changes in the related party transaction (RPT) policy and closed an issue related to increasing the board size to 10 directors.
The company’s co-promoter Rakesh Gangwal, who had earlier said he will oppose the special resolution at the AGM to increase the board size to 10, has voted for the proposed changes to the articles of association (AoA) of the company.
“Gangwal agreed to vote for the proposed changes to the AoA of the company after the board closed an open issue on its expansion,” said a person with direct knowledge of the matter, requesting anonymity.
