The Board of InterGlobe Aviation-led IndiGo will meet on Thursday, October 24, to report its September quarter earnings for the financial year 2019-20 (Q2FY20) amid fresh feud between promoters Rahul Bhatia and Rakesh Gangwal.
Once considered resolved, differences between the two resurfaced on October 1, when Bhatia filed litigation against Gangwal in London under the shareholders' agreement, dated April 23, 2015. Since then, the stock of India’s largest airline has slipped 8.5 per cent, as against a 1.6 per cent rise in the benchmark S&P BSE Sensex.
ALSO READ: InterGlobe boardroom fight goes to Florida court, Bhatia challenges
ALSO READ: InterGlobe boardroom fight goes to Florida court, Bhatia challenges