IndiGo spat resurfaces, Gangwal says he won't vote to expand board

Gangwal, his family and his family trust together own about 37% of the shares in the airline

Within a fortnight of IndiGo announcing peace between the two founders, Rakesh Gangwal has made a U-turn, saying he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Instead, he wants a seven-member board. Without his support, the special resolution to amend the articles of association will not be passed as it requires the support of 75 per cent shareholders.

Gangwal, his family and his family trust together own about 37 per cent of the shares in the airline. At the board level, Gangwal has support from independent director Anupam Khanna,