IndiGo Co-Founder Rakesh Gangwal Resigns From IndiGo’s Board
Rakesh Gangwal, a long-term shareholder in the parent company InterGlobe Aviation, will reduce his stakes in the company over a span of five years and may re-join as a board member at a later stage.
Highlights:
- Rakesh Gangwal’s resignation comes two weeks after Rahul Bhatia took charge as IndiGo’s Managing Director.
- Gangwal and his family entities own 36.61% of the stake in InterGlobe Aviation.
- He will sell his stakes at the airline over a span of five years.
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