INSUBCONTINENT EXCLUSIVE:
The growth strategy of IndiGo remains unchanged and the airline's management has full backing of the company's board of directors to
implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday
The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between
the airline's two promoters - Rahul Bhatia and Rakesh Gangwal
InterGlobe Aviation owns and manages IndiGo airline, which has around 44 per cent share in the domestic passenger market."I want to assure
you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the Board to
two promoters Rahul Bhatia and Rakesh Gangwal," he added
The CEO said the company would continue its focus on creating value for all shareholders, customers, employees and the communities it
airline.In order to resolve the differences amicably so that it does not affect airline's functioning, Mr Gangwal and Mr Bhatia are taking
help from law firms J Sagar Associates and Khatian Co, respectively, as per the media reports
InterGlobe Aviation, Mr Bhatia has around 38 per cent share in the company that is listed on the Bombay Stock Exchange.At 3:16 pm, shares in
InterGlobe Aviation were trading down 9.24 per cent at Rs 1,460 on the BSE underperforming the benchmark index Sensex which was up 0.80 per
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