Rakesh Gangwal flags serious governance issues at IndiGo

New Delhi, Jul 9 () Locked in a bitter battle with fellow co-founder Rahul Bhatia, IndiGo promoter Rakesh Gangwal has alleged serious governance lapses at the company, saying even a “paan ki dukaan” (betel shop) would have managed matters with more grace.
Gangwal, who along with his affiliates holds around 37 per cent stake in InterGlobe Aviation, said that the company has “started veering off” from the core principles and values of governance that made the company what it is today.

InterGlobe Aviation (or IndiGo) is also the parent of the country’s largest airline IndiGo.

Co-founder Rahul Bhatia and his affiliates (IGE Group) has around 38 per cent stake.