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Business Headlines: As promoters battle it out, shareholders lose 11%

Indigo is facing probably its worst crisis ever, as promoters Rahul Bhatia and Rakesh Gangwal are in the midst of an ugly public spat, with one promoter making serious allegations against the other for lapses of corporate governance and initiating questionable related party transactions against the interest of the company. We give you the real reason why the promoters have locked horns and what it could mean for India’s largest airline. #Indigo #IndigoAirlines #SEBI

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