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INDIAN (B)

Govt to check Gangwal, Bhatia shareholder pact

70184084.cms



The government will examine the shareholder’s agreement (SHA) between IndiGo’s bitterly feuding promoters Rahul Bhatia and Rakesh Gangwal to see if the same is in accordance with provisions of the Companies Act. Over the last few days, Gangwal has flagged the issue with the government and alleged serious corporate mis-governance in the airline.



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