Investigating complaints from a promoter about alleged irregularities at IndiGo, markets regulator Sebi has sought details from the airline’s listed parent firm InterGlobe Aviation by July 19.
One of the promoters, Rakesh Gangwal, has sought Sebi’s intervention in addressing his grievances, InterGlobe Aviation said in a regulatory filing on Tuesday.
In a statement, Gangwal said his letter lists out certain serious concerns regarding governance matters at IndiGo.
Gangwal, also a co-founder, along with his affiliates has around 37 per cent stake in the company. IndiGo is the country’s largest airline.
The company told stock exchanges that its board of directors has received a letter from Gangwal.
