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Recently, reports highlighted differences between IndiGo's co-founders Rahul Bhatia and Rakesh Gangwal over managerial control of the firm.On Saturday, Dutta in a statement said: "I would like to forcefully address these baseless speculation as they are not in the best interests of our shareholders, our employees and the travelling public."Further, in the same statement Dutta said on behalf of Gangwal: "I (Gangwal) am categorically and clearly stating that there is no interest or desire whatsoever on the part of the RG Group to take control of the company."... I (Gangwal) am placing on record that the RG Group stands by the current SHA which, in any case, expires this October."According to Dutta, the IGE (InterGlobe Enterprises) group is represented by the law firm of JSA and the RG Group is represented by the law firm of Khaitan & Company which have been on retainer by the founders since 2015."...They continue to represent the promoters on various ongoing matters as it relates to their shareholding in IndiGo. Thus, the 4-year-old ongoing retainer history of the law firms should not be presented or seen as a new revelation," he said.Addressing the employees, Dutta said: "...Please do not believe these baseless speculation, we remain committed to our path of a rapid build-up of airline connectivity within India and to international destinations."Reiterating this, the full Board wants to clearly state that IndiGo's strategy in terms of growth and cost leadership remain unchanged, we remain committed to being an institution which benchmarks itself against the best-in-class organisations across the world."However, Dutta added: "We all know, that in any strong and well-managed company there will always be differences. And, yes, there may be differences currently on certain matters but the Company has a great track record of resolving issues and coming out ahead."If the current differences were to not get resolved, you shall certainly hear about it; however, it serves no purpose speculating about it."

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Gangwal, Latest News

Business :IndiGo resolution on governance will give false impression: Gangwal

Adopting a resolution on the corporate governance issues arisen between the co-promoters of budget carrier IndiGo will convey a false impression, IndiGo Co-founder and Director Rakesh Gangwal said on Tuesday. ...

National :No role of state govt: ADG Police, Patna on RSS member's detail row

ADG of Police, Patna GS Gangwar on Wednesday said that the letter seeking details of RSS members in the state was issued by a Superintendent of Police in his capacity and the government had no role to play in it. ...

Business :Deal with OEMs without Gangwal at helm hurt his ego: IndiGo co-promoter

A day after the dispute between IndiGo promoters came out in the open, an internal letter of co-founder Rahul Bhatia has claimed that Rakesh Gangwal's ego got hurt after the airline managed to negotiate large purchase order without the latter being a ...

Business :Reports of rift between promoters baseless speculation: IndiGo CEO

Days after reports of a rift between IndiGo promoters surfaced, the airline's Chief Executive Officer (CEO) Rono Dutta on Saturday termed the reports as "baseless speculations". ...