 "Rakesh Gangwal, Rahul Bhatia")
An uneasy truce has been brokered between the promoters of the country’s largest Indian airline, IndiGo. Rahul Bhatia and Rakesh Gangwal, who together hold a 75 per cent stake in the company, have agreed on a board structure that gives higher representation to Bhatia’s InterGlobe Enterprises (IGE). However, the board has agreed to strengthen the policy on related-party transactions, as demanded by Gangwal.
According to the new board structure, of the 10 members, IGE will nominate five, including chief executive officer (CEO). In addition, there will be four independent directors. As for Gangwal, he will continue to be the only
