Sebi seeks response from IndiGo on fresh Rakesh Gangwal letter

NEW DELHI : Markets regulator Sebi has sought a response from InterGlobe Aviation on a fresh letter by the company’s co-promoter Rakesh Gangwal regarding corporate governance issues. Gangwal and co-promoter Rahul Bhatia have differences over certain corporate governance matters at InterGlobe Aviation, the parent of the country’s largest airline IndiGo.

In a filing to the stock exchanges on Wednesday, InterGlobe Aviation said Sebi has sought comments on a letter written by Gangwal on 30 August. “The company will provide its response to the Sebi,” the filing said.

Shares of InterGlobe Aviation were trading at ₹1,619.55 per scrip, down 0.36% from the previous close, on BSE.