Task cut out for law firms to fix balance of power at IndiGo
- IndiGo is India’s largest domestic airline with a market share of 46.9%
- The AoAs say the Indigo board shall always have six directors, five of whom can be nominated by IGE alone
MUMBAI : IndiGo co-founder Rahul Bhatia’s holding company can practically veto any decision taken by his partner Rakesh Gangwal despite the two promoters owning almost identical stakes, an examination of Interglobe Aviation Ltd’s articles of association (AoAs) reveals.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more