Mumbai: The ongoing tussle between the promoters of Indigo has taken its toll on the stock as investors are worried about the eventual fate of the company’s expansion plans and growth.
The share price of InterGlobe Aviation, the parent of IndiGo Airlines, has reacted sharply to the development, plunging over 10.5 per cent this week.
Aditya Ghosh stepped down last year as there were differences with the promoters over fleet expansion.
Co-founders Rahul Bhatia and Rakesh Gangwal hold 38.26 per cent and 36.69 per cent stake, respectively, along with their families.
Co-founders Rahul Bhatia and Rakesh Gangwal hold 38.26 per cent and 36.69 per cent stake, respectively, along with their families.
Mumbai: The ongoing tussle between the promoters of Indigo has taken its toll on the stock as investors are worried about the eventual fate of the company’s expansion plans and growth.
The share price of InterGlobe Aviation, the parent of IndiGo Airlines, has reacted sharply to the development, plunging over 10.5 per cent this week.
According to sources, the difference between the co-founders cropped up over their divergent outlooks on IndiGo's expansion strategy.
The co-founders of IndiGo, Rahul Bhatia and Rakesh Gangwal, hold 38.26 per cent and 36.69 per cent stake in the airline, respectively, along with their families.
Industry sources said while Gangwal sought aggressive expansion to tap into India's aviation market, Bhatia called for a balanced and cautious approach.
18/05/19 Ashwin J Punnen/Asian Age
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The share price of InterGlobe Aviation, the parent of IndiGo Airlines, has reacted sharply to the development, plunging over 10.5 per cent this week.
Aditya Ghosh stepped down last year as there were differences with the promoters over fleet expansion.
Co-founders Rahul Bhatia and Rakesh Gangwal hold 38.26 per cent and 36.69 per cent stake, respectively, along with their families.
Co-founders Rahul Bhatia and Rakesh Gangwal hold 38.26 per cent and 36.69 per cent stake, respectively, along with their families.
Mumbai: The ongoing tussle between the promoters of Indigo has taken its toll on the stock as investors are worried about the eventual fate of the company’s expansion plans and growth.
The share price of InterGlobe Aviation, the parent of IndiGo Airlines, has reacted sharply to the development, plunging over 10.5 per cent this week.
According to sources, the difference between the co-founders cropped up over their divergent outlooks on IndiGo's expansion strategy.
The co-founders of IndiGo, Rahul Bhatia and Rakesh Gangwal, hold 38.26 per cent and 36.69 per cent stake in the airline, respectively, along with their families.
Industry sources said while Gangwal sought aggressive expansion to tap into India's aviation market, Bhatia called for a balanced and cautious approach.
18/05/19 Ashwin J Punnen/Asian Age
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