Parent InterGlobe Aviation’s shares bear the brunt, drop more than 17% intraday2 min read . Updated: 11 Jul 2019, 12:37 AM IST
- IndiGo Co-founder Rakesh Gangwal has alleged the company's board decisions were in defiance of governance protocols and laws
- Sebi has sought a reply from IndiGo by July 19
MUMBAI : Shares of InterGlobe Aviation Ltd, the parent of the country’s largest airline, IndiGo, slumped more than 17% on Wednesday amid a tussle between its co-founders on corporate governance. The stock touched a low of ₹1,291 during the day before closing at ₹1,397.75, down 168 points, or 10.73%, on BSE.
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