Feuding IndiGo co-founders said to ready compromise formula

Feuding IndiGo co-founders said to ready compromise formula

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

The feuding co-founders of InterGlobe Aviation Ltd, Rahul Bhatia and Rakesh Gangwal, are working towards a compromise formula that may result in every related party transaction in the company being vetted by independent directors, said two people with direct knowledge of the matter.

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