SEBI Seeks Response From IndiGo’s Board of Directors About Promoter Rakesh Gangwal’s Allegations
The spat between founders of InterGlobe Aviation Limited, Rahul Bhatia and Rakesh Gangwal, finally became public. Rakesh Gangwal alleged severe corporate governance lapses against the company in a letter to the Securities and Exchange Board of India (SEBI). Rakesh Gangwal owns 36.68% of stake in the company. He pointed out that even a ‘paan ki dukhaan’ (betel shop) would have managed the issues with more grace. He claimed that he... Read More
