Will Indigo EGM settle spat between co-founders for good?

With Tatas taking over Air India, Indigo had no option but to put an end to the internal bickering. Soon after the decision to call the AGM was announced, the shares of India’s largest domestic airline jumped 4.5% on Tuesday. Investors anticipated an end to the two-year long public tussle between its two co-founders, India-based Rahul Bhatia and the US-based Rakesh Gangwal

With a domestic market share of 53.5% in October, IndiGo is by far the biggest airline in the country. Air India, which at 11.8% is the distant runner up, is expected to go through an overhaul early next year as the Tata group takes over the control.

Indigo, meanwhile, is collectively owned by the two promoters. They own 74.44% stake in it, with Bhatia owning 37.83% and Gangwal 36.61%.