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What to make of IndiGo's SEBI penalty
Feb 10, 03:02

A settlement of Rs 2.1 crore is not much for a company with Rs 18,300 crore in reserves. Some even argue that IndiGo, country's largest airline, got away with just a slap on its wrists. After all, the much talked about and debated issue of related party transactions had seen friends-and-business partners Rahul Bhatia and Rakesh Gangwal turn foes, with both sides washing dirty linen in public. Gangwal had alleged that InterGlobe Enterprises, the privately held company of Bhatia, was engaged in several RPTs with IndiGo, without adhering to corporate governance standards. SEBI had issued a show-cause notice to the airline in November 2020. The value of the RPTs? CEO Ronojoy Dutta put it at Rs 156 crore.

Aviation gfx - Feb 10