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Wednesday, 10 July 2019

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Indigo promoters' spat: Rahul Bhatia counters Rakesh Gangwal's charge

Indigo promoters' spat: Rahul Bhatia counters Rakesh Gangwal's charge

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Rahul Bhatia’s InterGlobe Enterprises (IGE) on Wednesday countered IndiGo co-founder Rakesh Gangwal’s charges about the airline entering into related party transactions (RPTs) with IGE Group companies. The Bhatia Group said these RPTs were disclosed at the time of IPO in 2015 and “materiality of the transactions for (IndiGo) is not significant as… it is only 0.53% of (IndiGo’s) consolidated turnover for FY 2018-19.”

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