"Southwest Airlines (LUV Quick QuoteLUV - Free Report) , currently involved in a tussle with Elliott Investment Management, received a vote of confidence when board member Rakesh Gangwal invested significantly in the airline company."
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"LUV's management received backing from board member Rakesh Gangwal when he purchased 3.6 million LUV shares for approximately $108 million. "
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"Fellow co-founder Rakesh Gangwal also later stepped down from the airline's board in February, and announced his plan to slowly cut stake over more than five years, ending a yearslong feud with Bhatia."
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"InterGlobe Aviation Ltd.'s co-founder Rakesh Gangwal quit the carrier's board and will pare his stake in the company over five years, ceding control to co-promoter Rahul Bhatia after a truce."
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"IndiGo co-founder Rakesh Gangwal resigned from the company's board and plans to pare his stake over five years, according to a statement by the airline on Friday."
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"SEBI initiated an investigation into the company after it received several complaints from its co-founder and director Rakesh Gangwal alleging it conducted related party transactions and made misrepresentations on its prospectus."
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"The list has seven Indian-Americans - cybersecurity firm ZScaler CEO Jay Chaudhry, Founder and Chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, Managing Partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and Cofounder Aneel Bhusri."
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