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IndiGo parent InterGloble Aviation pays Rs 2.1 crore to settle case with SEBI
The case pertains to alleged corporate governance lapses and listing norms violations that were raised by IndiGo s co-promoter Rakesh Gangwal in 2019
BusinessToday.In | February 9, 2021 | Updated 23:16 IST
InterGloble Aviation settles case with SEBI
InterGlobe Aviation, the parent of low-cost carrier IndiGo, has paid Rs 2.10 crore to Securities and Exchange Board of India (SEBI) to settle a pending case. The case pertains to alleged corporate governance lapses and listing norms violations that were raised by the company s co-promoter Rakesh Gangwal.
The company has settled the matter without admitting or denying any violation on its part, by paying a settlement charge of Rs 2.1 crore, as per a SEBI notification issued on Tuesday. ....

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