MUMBAI: Serious differences have cropped up between the two founders of IndiGoNSE -6.76 % that could end up affecting the airline’s functioning if left unresolved, people close to the development have told ET.
Among the issues are clauses in the shareholders’ agreement and differences between the two founders — Rahul Bhatia and Rakesh Gangwal — over strategies and ambitions for the airline. ET couldn’t immediately ascertain the specific clauses in the shareholders’ agreement that are a bone of contention.
The promoters refused to comment on the development.
