Indigo in its filing to the exchanges clarified on news reports that stated “IndiGo promoters Bhatia, Gangwal differ over airline’s control, performance.”
“With regard to the aforesaid news, please note that the Company is not in a position to comment on such news as it relates to the promoters of the company,” the airline said in a press note after markets hours to the exchanges on Thursday.
As per reports, among the issues are clauses in the shareholders’ agreement and differences between the two founders – Rahul Bhatia and Rakesh Gangwal – over strategies and ambitions for the airline. The report further stated that Legal firms Khaitan & Co and J Sagar Associates are helping the founders resolve the problems.
Reports further added that the two founders, who are allegedly grappling over the managerial control of IndiGo, have approache different law firms.
Interglobe Aviation Ltd’s share price ended at RWs1,466.60, down by Rs141.95 or 8.82%, from its previous close of Rs1,608.55 on the BSE.
The scrip opened at Rs1,580 and touched a high and low of Rs1,580 and Rs1,450.50, respectively. A total of, 3,73,907 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs56,377.11cr.
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