IndiGo co-promoter Rakesh Gangwal on Saturday sought to scotch speculation that he was trying to gain greater control over the airline, saying he had no interest or desire to do that.
The remarks came against the backdrop of his reported differences with another co-promoter Rahul Bhatia. While the Gangwal family holds around 37 per cent stake in InterGlobe Aviation, the Bhatias own 38 per cent of the company. The remaining shares are held by the public, mutual funds, foreign institutions, financial institutions, and others.
In a statement made by Chief Executive Officer Ronojoy Dutta, Gangwal said the RG group (led by his family and their trusts as well as JP Morgan Trust Company) had no interest in taking control of the company.
