IndiGo's parent company, InterGlobe Aviation, saw shares drop over 3% following reports that cofounder Rahul Bhatia is grooming his son, Madhav Bhatia, for a key leadership role.

IndiGo’s domestic market share touched a new life high of 66.3% last month with Air India group slashing flights following record losses last fiscal. DGCA domestic air traffic…

Rahul Bhatia has begun grooming his son Madhav Bhatia for a future leadership role at IndiGo, exposing him to executive meetings and mentoring under InterGlobe Enterprises CEO…