India: IndiGo co-promoter Gangwal questions chairman in letter

India: IndiGo co-promoter Gangwal questions chairman in letter

The Rs3,010 crore IndiGo IPO, which closed on 29 October, was subscribed 6.14 times, as financial institutions and high networth individuals sought to tap the world’s fastest growing aviation market through the issue. Photo: Mint

InterGlobe Aviation Ltd’s co-promoter Rakesh Gangwal has questioned chairman M. Damodaran for not adopting the agreed related-party transactions (RPTs) policy, and calling board and committee meetings after the company’s annual general meeting (AGM) slated for 27 August.

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