IndiGo billionaire Rakesh Gangwal indicates truce with airline co-founder

IndiGo billionaire Rakesh Gangwal indicates truce with airline co-founder

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

Rakesh Gangwal, the billionaire co-founder of Indian budget airline IndiGo, will support company proposals at a shareholder meeting next week to expand its board after an agreement on policy changes, months after he accused his fellow co-founder of corporate-governance lapses.

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