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  Business   Companies  11 Jul 2019  SEBI to probe if IndiGo CEO downplayed promoters' tiff: report

SEBI to probe if IndiGo CEO downplayed promoters' tiff: report

REUTERS
Published : Jul 11, 2019, 2:40 pm IST
Updated : Jul 11, 2019, 2:40 pm IST

Responding to the allegations, SEBI had sought a reply from InterGlobe by July 19.

InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country’s largest carrier IndiGo.
 InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country’s largest carrier IndiGo.

Bengaluru: India’s market regulator is probing whether InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country’s largest carrier IndiGo, ET Now reported on Thursday, citing sources.

The spat between co-founders and promoters Rakesh Gangwal and Rahul Bhatia escalated after Gangwal on Tuesday alleged violations of corporate governance rules at the parent group and asked the Securities and Exchange Board of India (SEBI) to intervene.

 

Responding to the allegations, SEBI had sought a reply from InterGlobe by July 19.

Both SEBI and IndiGo did not immediately respond to Reuters request for a comment on the ET Now story.

Tags: interglobe aviation, indigo, sebi, report, rakesh gangwal, rahul bhatia, promoters
Location: India, Karnataka, Bengaluru