Interglobe shares tumble after report of spat between founders [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
India's Interglobe shares tumble after report of spat between founders - Reuters 3 Min Read BENGALURU/MUMBAI (Reuters) - Shares in Interglobe Aviation, which operates India’s largest airline Indigo, tumbled 9 percent on Thursday following a report its co-founders and two largest shareholders were squabbling over how the airline should expand. The Economic Times, citing sources close to the matter, reported on Thursday that serious differences had arisen between the airline’s co-founders that could affect the functioning of the company. It said among the issues were clauses in the shareholders’ agreement and differences between the founders over their strategies and ambitions for the airline. Co-founders Rahul Bhatia and Rakesh Gangwal, along with their respective families, each control stakes of slightly less than 40 percent in the airline’s holding company, giving them both a major say in its strategy and plans. Indigo declined to comment. Bhatia did not respond to requests for comme
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website