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12 Mar 2024

Rakesh Gangwal Sells 5.83% Stake In IndiGo For Rs 6,785 Crore

The stake sale is part of Gangwal's decision to trim his shareholding, a decision announced in February 2022 after a bitter feud with co-founder Rahul Bhatia over alleged corporate governance issues.

22 Jul 2019

IndiGo to expand Board to 10 members including 4 independent directors

Currently Indigo board comprises six members – Chairman M. Damodaran, Rahul Bhatia, Rakesh Gangwal, Anupam Khanna, Anil Parashar, and Rohini Bhatia who is an independent woman board member.

16 Jul 2019

No enquiry yet in Indigo promoters feud by MCA

SEBI has sought the response from the company on allegations of Gangwal by July 19 while the board of Inter Globe Aviation, the promoter company of Indigo are also meeting on July 19 to consider the results.

10 Jul 2019

IndiGo stocks crash over promoters dispute, ends 10.73% lower

Rakesh Gangwal, one of the co-founders of the airline, has alleged violation of corporate governance rules at Indigo, seeking regulatory intervention from market regulator Sebi.

12 Feb 2015

IndiGo says not in talks with Qatar Airways for stake sale

IndiGo on Thursday said it was not in "talks" with any airline including Qatar Airways for a stake sale, a month after the gulf carrier's chief executive Akbar Al Baker expressed his desire to invest in the Indian company.

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