Rahul Bhatia
IndiGo on Thursday signed a one-way codeshare agreement with Qatar Airways, where the latter will be able to book seats on the former's flights on certain specific destinations. (Representational Image)
Have no interest in Air India, only IndiGo: Qatar Airways CEO
07 Nov 2019 1:09 PM

IndiGo on Thursday signed a one-way codeshare agreement with Qatar Airways, allowing it to book seats on the former's flights.

On Tuesday, InterGlobe Aviation -- parent of IndiGo -- informed stock exchanges that Bhatia and his group InterGlobe Enterprises have submitted a request for arbitration on October 1 to the London Court of International Arbitration. (Representational Image)
Shares IndiGo fall over 2 per cent on arbitration proceedings
03 Oct 2019 11:42 AM

The stock of India's largest private sector airline declined 2.22 per cent at Rs 1829.35, on the BSE.

Gangwal and his affiliates hold around 37 per cent stake in InterGlobe Aviation, while Bhatia's group owns nearly 38 per cent shareholding.
IndiGo board has approved new policy on related-party transactions: Gangwal
24 Aug 2019 11:12 AM

Gangwal said the board has now approved a new related-party transaction policy and to also close an open issue.

IndiGo Chairman M Damodaran in an email dated August 5 has said the first vacancy on the board after amendment of the AoA would be filled by a woman independent director.
Gangwal's fear regarding Bhatia group does no credit to directors: Damodaran
07 Aug 2019 6:04 PM

The differences between the two promoters came into the public after Rakesh Gangwal had sought Sebi's intervention.

InterGlobe lost almost $1 billion in market value on July 10 after Gangwal disclosed his complaint to regulators, although the shares have recouped most of those losses since then.
IndiGo feud unresolved: Rakesh Gangwal
07 Aug 2019 1:45 AM

Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for India’s securities regulator to intervene.

Against this backdrop, Gangwal in a letter to the company's board said that based on "serious unresolved issues", he was not in a position to vote affirmatively on the special resolution for 'Alteration in Articles of Association of the Company' unless certain issues are addressed. (Representational Image)
IndiGo promoters' feud: Rakesh Gangwal says there are 'serious unresolved issues'
06 Aug 2019 7:40 PM

In July, Rakesh Gangwal flagged concerns over alleged corporate governance lapses at InterGlobe Aviation.

In a statement on July 19, the company said its board has decided to seek shareholders' approval for expanding the board to enable the induction of an independent woman.
IndiGo to expand board; to have 4 independent directors
22 Jul 2019 9:11 AM

Sebi and the corporate affairs ministry are looking into the alleged governance lapses at InterGlobe Aviation.

The board meet comes against the backdrop of an onging spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses. (Representational Image)
IndiGo board meeting to continue on Saturday: CEO Ronojoy Dutta
19 Jul 2019 6:27 PM

The board discussed about appointing a woman director, said CEO Ronojoy Dutta.

The company's scrip has been on a backfoot ever since the differences between the promoters were made public last Tuesday.
InterGlobe Aviation shares erase early losses; end 2 per cent higher
15 Jul 2019 7:35 PM

The scrip of the company had fallen 4.17 per cent to Rs 1,300 during the day on the BSE.

With promoter spat intensifying at IndiGo, markets watchdog Sebi and the corporate affairs ministry have started digging deep into allegations of governance lapses and violations. (Representational Image)
InterGlobe Aviation shares fall nearly 5 per cent
15 Jul 2019 1:36 PM

The scrip declined 4.17 per cent to Rs 1,300 on the BSE.


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