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Rakesh Gangwal won't sell IndiGo stake in feud with Rahul Bhatia

Wednesday, July 17, 2019, 8:40 AM

Rakesh Gangwal, the co-founder of IndiGo, said he won't sell his shareholding in India's largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. "I am here for the long haul," Gangwal, who has accused Bhatia of corporate governance lapses, said by phone. "I have no desire to sell my stake or raise my stake. "
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Ahmedabad-Bound IndiGo Flight Returns To Goa After "Technical Glitch"

Tuesday, July 16, 2019, 7:39 AM

An Ahmedabad-bound IndiGo flight carrying around 180 passengers returned to the Goa airport Monday after taking-off as it developed a "technical glitch", a senior Airports Authority of India (AAI) said. Airport director Gagan Malik told PTI that the IndiGo flight, which had taken off for Ahmedabad from the Dabolim airport, had to make a mid-air turn back due to a "technical glitch".
 
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IndiGo's Bhatia unlikely to relent on change in control structure

Monday, July 15, 2019, 8:12 AM

Even as a-dispute-rages by the day with letter-bombs being dropped by the warring-promoters, IndiGo co-promoter Rahul-Bhatia is unlikely to budge from his position and agree to dilute airline's control-structure that gives him right to nominate Chairman, CEO and other management-personnel. Sources told IANS that Bhatia was ready for scrutiny of company-books by any government agency as there are no-deficiencies in its functioning from Company-law-perspective.

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