NEW DELHI – Shares of InterGlobe Aviation, which runs IndiGo airlines, shed 3 per cent in early trade on Monday after Rakesh Gangwal, co-founder of the carrier, stepped off the board and announced plans to sell his holdings over about five years, he said.
His letter to the board came barely two weeks after his partner Rahul Bhatia, with whom he has sparred for long, assumed the position of managing director.
