Gangwal limited his financial risk: IndiGo Co-Founder Bhatia

IndiGo Co-Founder Rahul Bhatia has said that while he had extended personal loans to finance IndiGo from fiscal 2006-10, Co-Founder Rakesh Gangwal remained in "safe harbour" with equity exposure below ₹15 crore. He added that his IGE Group and Gangwal had a financial risk ratio of 80:1. Gangwal attempted to de-risk himself and pushed for IndiGo's sale, Bhatia further alleged.