Chennai: The related party transactions (RPTs) between InterGlobe Aviation (IGAL) and InterGlobe Enterprises (IGE), the main bone of contention between IndiGo’s co-promoters Rakesh Gangwal and Rahul Bhatia, were 0.53 per cent of IGAL’s consolidated turnover for FY19.
A release from IGE, the holding company of Rahul Bhatia’s businesses, said the total amount earned through these RPTs, which were in real estate, simulation training, General Sales Agreement (commission+ rent) and crew accommodation was Rs 118.96 crore in FY18, which is 0.50 per cent of IGAL’s consolidated turnover.
