But there are other, bigger issues too,” said a person close to the development.An email sent to IndiGo didn’t elicit a response till press time Thursday. Neither Bhatia nor Gangwal commented on the issue.Bhatia and his family own 38.26% in the company while the Gangwal family holds 36.69%. IndiGo’s initial public offering hit the markets in October 2015, and its fourth anniversary falls in October this year.The IGE Group represents InterGlobe Enterprises, Rahul Bhatia, Rohini Bhatia and Kapil Bhatia. A three-decade veteran at United Airlines, Taylor was brought in at Gangwal’s behest and was slated to head IndiGo. In an interview before Indi-Go’s parent InterGlobe Aviation went public, Gangwal had reflected on his relationship with Bhatia: “It evolved into a phenomenal friendship.

Source: Economic Times May 17, 2019 01:19 UTC