Sebi seeks IndiGo’s response to Gangwal’s letter over corporate governance
The Securities and Exchange Board of India (Sebi) has sought a response from IndiGo on a fresh letter by the company’s co-promoter Rakesh Gangwal regarding corporate governance issues.
In a filing to the stock exchanges on Wednesday, InterGlobe Aviation said the markets regulator has sought comments on a letter written by Gangwal on August 30. “The company will provide its response to the Sebi,” the filing said.
On September 3, Sebi sought comments from the company on a letter received by the regulator from legal counsel of Gangwal.
According to the filing, the letter reiterates certain issues that Gangwal had previously raised with Sebi and seeks certain directions from the regulator against the company and the IGE Group.
