Indigo’s Rakesh Gangwal says blindsided by dividend controversy
Gangwal’s reference was to the heat generated by latest filings of Indigo that shows it has paid dividends to the promoters in June, which left its net worth negative
There are analysts who have been irritated by the company’s move. Mint reported on 20 October that one of them lamented at one of the company’s roadshows in Mumbai “ You are showing negative net worth and asking for money from investors.. This is an insult to investors.”
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