Sebi seeks response from IndiGo on fresh Gangwal letter

The Securities and Exchange Board of India. File photo

Markets regulator Sebi has sought a response from InterGlobe Aviation on a fresh letter by the company's co-promoter Rakesh Gangwal regarding corporate governance issues. Gangwal and co-promoter Rahul Bhatia have differences over certain corporate governance matters at InterGlobe Aviation, the parent of the country's largest airline IndiGo.

In a filing to the stock exchanges on Wednesday, InterGlobe Aviation said Sebi has sought comments on a letter written by Gangwal on August 30. "The company will provide its response to the Sebi," the filing said.

Shares of InterGlobe Aviation were trading at Rs 1,619.55 per scrip, down 0.36 per cent from the previous close, on BSE. 

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