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IndiGo CEO admits to differences between promotors of airline


A related-party transaction is a deal or arrangement between two parties, who are joined by a pre-existing business relationship

Last month, media reports pointed out differences cropping up between the two promoters over the strategies and ambitions for the airline.

The differences between promoters of IndiGo pertain to related party transactions (RPTs), the airline chief executive officer Ronojoy Dutta told a business news channel on Tuesday.

According to Dutta, Rakesh Gangwal is seeking changes to the RPT process that allow Rahul Bhatia-controlled firms to charge the airline for its services.

“Its an agreement issue between the two promoters. It has ...


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