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Fire at IndiGo needs to be doused soon

DNMUM439141 | 7/12/2019 | Author : Edit | WC :214 | Opinion & Viewpoint

DNA Money Edit

The full-blown public spat between two co-founders of India’s most successful airline is not in the interest of the entire aviation industry in general and IndiGo in particular. The development has already seen the airline’s stock tumbling down for the last few days, with a 9% fresh drop on Thursday.
Though the tension between the two promoters has been simmering for over a year, it is only in the recent months it has started coming out in the open. On Tuesday, it took a worse turn as Rakesh Gangwal, one of the promoters, approached Securities and Exchange Board of India for intervention alleging a “paan ki dukaan” has better corporate governance compliance then IndiGo. The allegations should be probed with seriousness by the r
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