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IndiGo board supports new approach on related gathering exchanges: Report

Sources said the approach on related gathering exchanges (RPTs) was affirmed by the board consistently

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IndiGo board supports new approach on related gathering exchanges: Report

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  1. BUSINESS STANDARD IndiGo board supports new approach on related gathering exchanges: Report Sources said the approach on related gathering exchanges (RPTs) was affirmed by the board consistently The leading group of InterGlobe Aviation has endorsed

  2. another arrangement on related gathering exchanges, sources said on Wednesday, in the midst of progressing quarrel between the organization's co-advertisers over administration issues. The contrasts between co-advertisers - Rahul Bhatia and Rakesh Gangwal - came beyond all detectable inhibitions recently after Gangwal composed a letter to business sectors controller Sebi hailing worries about supposed corporate administration slips at the organization. The claims have been disproved by Bhatia camp. Sources said the arrangement on related gathering exchanges (RPTs) was affirmed by the board collectively. The organization's board - which has six individuals, including Gangwal and Bhatia - met for two days on July 19 and 20. Under the new arrangement, outer counsel would be looked for RPTs that are worth over Rs 2 crore and offering procedure would be required for any such gets, the sources said. Read More

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