• SENSEX
    NIFTY 50
Aviation

IndiGo promoters spat: Sebi receives another complaint letter from Rakesh Gangwal, asks airline for comments

Updated : September 05, 2019 07:18 AM IST

The fledgling signs of truce at IndiGo have begun to disappear as co-founder Rakesh Gangwal's legal counsel has written another letter to Sebi asking it to take action with respect to rights of Rahul Bhatia's InterGlobe Enterprises group and non-independence of chairman M. Damodaran among other issues. 
Taking cognisance of the letter received from Gangwal's counsel, Sebi has sought comments from the company on the matter. 
The bitterness between the two promoters was believed to have subsided when Gangwal issued a statement signalling truce before the AGM.
IndiGo promoters spat: Sebi receives another complaint letter from Rakesh Gangwal, asks airline for comments
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV