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IndiGo promoters’ fight turns ugly; Gangwal seeks Sebi’s intervention – jj

IndiGo promoters’ fight turns ugly; Gangwal seeks Sebi’s intervention

The feud between IndiGo’s promoters took a serious turn Tuesday with Rakesh Gangwal seeking an intervention from the capital markets regulator to resolve his “alleged grievances”. India’s biggest airline by market share said in an exchange filing that Gangwal had informed the company board about his communication to SEBI. The company didn’t specify the contents of the letter. The airline’s CEO Ronojoy Dutta separately declined to comment.

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