BusinessIndiGo CEO Assures Employees As Promoters Feud In Public: 10 Points
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IndiGo CEO Assures Employees As Promoters Feud In Public: 10 Points
InterGlobe Aviation shares fell to lowest intraday level in three months
Feud between Rakesh Gangwal, Rahul Bhatia became public on Tuesday
IndiGo's mission, direction, growth strategy remain unchanged, says CEO
Sebi has asked InterGlobe - the parent company of IndiGo - to respond to the letter by July 19
In his letter to Sebi dated July 8, Mr Gangwal sought the market regulator's intervention, in a move that suggested that a previously reported row between the estranged co-founders was escalating. The market regulator asked the company to respond to the letter by July 19, according to a regulatory filing by InterGlobe Aviation on Tuesday.
Even a "paan ki dukaan" (betel shop) would have managed matters "with more grace", Mr Gangwal...