Rahul Bhatia

The stake sale is also likely to trigger a lock-in period of 365 days before Rahul Bhatia promoted InterGlobe Enterprises could execute any further block deals to offload more stake in InterGlobe Aviation.

IndiGo block deal: Rahul Bhatia promoter entity plans to sell around 2% stake worth $394 mn

"This is the first time in many years that he is looking to unlock value and pocket some returns," said one of the persons to Moneycontrol on the condition of anonymity

InterGlobe's Rahul Bhatia takes stock of progress of air taxi project by Archer Aviation

InterGlobe Enterprises, which owns India's largest airline IndiGo, and Archer Aviation in November 2023 announced that they have entered into a memorandum of understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India.

InterGlobe's Rahul Bhatia, Tech Mahindra ex-CEO CP Gurnani launch AI firm AIonOS

InterGlobe, the operator of IndiGo Airlines, is the majority shareholder in the Singapore-headquartered company. It will have offices in Delhi-NCR, Hyderabad and Chennai.

Indigo co-founders are the wealthiest aviation billionaires in the world: report

As per the Hurun Global Rich List, IndiGo co-founders Rakesh Gangwal and Rahul Bhatia emerged as the wealthiest and second-wealthiest billionaires from the aviation industry.

On IndiGo flight, MD Rahul Bhatia's tea with Parle-G biscuits

Billionaires also enjoy simple pleasures of life like everyday people.

What Rakesh Gangwal’s exit from IndiGo board means, and the future of the airline, explained

A primer on all the essential questions on Rakesh Gangwal’s decision to exit the IndiGo board and the future of India’s largest airline.

Indigo co-founder stake sale: Five big questions on Rakesh Gangwal strategy

The move comes days after the other co-founder Rahul Bhatia, took over as the airlines’ Managing Director with immediate effect for a five-year term.

IndiGo Director Rakesh Gangwal to reduce his stake over the next 5 years

Gangwal, an aviation industry veteran, owns 14.65 percent of InterGlobe and wife Shobha Gangwal 8.39 percent.

Here’s why Rahul Bhatia has taken over IndiGo’s cockpit

Though Bhatia’s appointment as Managing Director has surprised industry watchers, many believe the airline is gearing up to take on upcoming challenges. Competition is set to heat up with Air India going to the Tatas and ultra-low cost airline Akasa set to enter the market this year. 

IndiGo should continue expanding domestic, 'regional international footprint': Rahul Bhatia

In an e-mail to employees on Tuesday, Bhatia, who was appointed as the Managing Director on February 4, said that he was looking forward to working closely with the management team just not only to establish and achieve near-term goals but also to get the company to be future ready for the massive opportunity that lies ahead.

InterGlobe Aviation shares rally nearly 10% on Q3 profit

Fuelled by higher passenger revenues, the country's largest airline IndiGo on Friday posted a profit after tax of Rs 129.8 crore in the three months ended December 2021 amid the pandemic clouds.

IndiGo appoints Co-founder Rahul Bhatia as Managing Director

The board of directors, during its meeting on Friday, unanimously approved the appointment of Rahul Bhatia as the managing director with immediate effect, subject to the approval of the shareholders, according to a statement.

IndiGo's Rakesh Gangwal moves Delhi HC, seeks early enforcement of arbitration award: Report

Based on proceedings initiated by Rahul Bhatia-owned lnterGlobe Enterprises Private Limited, the London Court of International Arbitration had, on September 25, given the final award in the feud between the two IndiGo promoters.

IndiGo shareholders vote against co-founder Gangwal's move to amend AoA

48.5584 percent of the shareholders voted for the resolution, and 51.4416 percent against it.

IndiGo’s huge aircraft order can help change its long term trend

The message the order gives out is clear---the airline is not being affected by differences between the promoters.

Truce done. But will IndiGo founders ever work together again?

While a clear answer is elusive, sources said that Rakesh Gangwal may keep away from operational role.

Today's IndiGo AGM may be a 'non-event' but still a milestone

Gangwal is away in the US where he is based and is not attending the AGM

SEBI scans IndiGo’s investor agreement for violation of rights

The regulator is said to be not in favour of pacts which may give unequal rights to one set of shareholders.

IndiGo’s Rahul Bhatia offers some concessions to Rakesh Gangwal

IndiGo’s board has reached out to former PepsiCo CEO Indra Nooyi to be an independent director

3 Point Analysis | IndiGo boardroom tussle

The tussle has gone so far that the Securities and Exchange Board of India (SEBI) had to be brought into the matter.

IndiGo promoter dispute: Rakesh Gangwal to approach PM Modi to resolve issue, says report

Gangwal also said he does not want to take over InterGlobe Aviation, the company that runs IndiGo. He also clarified that he would not sell his stake in the company, and that he will no longer be a part of the airline’s operations, and will focus on corporate governance issues instead.

Editor's Take | IndiGo promoter dispute out in the open; SEBI steps in

Gangwal claims that the agreement between promoters gives Bhatia too much control and that he has used that for some questionable transaction.

IndiGo promoter dispute: Airline hits an air pocket, time to wear your seat belts

Gangwal approaching Sebi suggests that lawyers on both sides have failed to reach a compromise