Interglobe Aviation
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Airline, oil marketing stocks fall as crude prices surge; SpiceJet down 4.9%, IndiGo 4.7%
•Airline and oil marketing stocks on Monday fell as crude oil prices surged after OPEC and its allies agreed to cut down on crude production
IndiGo promoter spat: Govt seeks reply from InterGlobe Aviation on allegations of governance lapses; more directors on board likely
Fp Staff •Meanwhile, another report claimed that the board of InterGlobe Aviation may consider a proposal to induct new directors at its board meeting scheduled to be held on Friday.
InterGlobe Aviation shares fall nearly 2% after SEBI finds violations in corporate governance, listing disclosure norms
•InterGlobe Aviation has not received any communication from the markets regulator Securities and Exchange Board of India (SEBI), it said in a clarification to the exchanges.
SEBI probe suggests prima facie violations of norms in IndiGo related party transactions; shares plunge nearly 5%
•IndiGo has been facing a probe by the SEBI ever since a public spat came to light between two founders of the airline, including over certain related party transactions involving one of the warring promoters.
IndiGo parent InterGlobe Aviation shares drop nearly 4% after shareholders reject co-promoter Rakesh Gangwal's proposal
•As per the AoA, if any member of Bhatia-led IGE Group wants to transfer shares to a third party, then the non-transferring group will have the 'Right of First Refusal' subject to certain conditions.
IndiGo parent InterGlobe Aviation net profit soars to Rs 496 cr in December quarter; total income jumps 25%
•InterGlobe Aviation, the parent company of budget carrier IndiGo, on Monday reported a steep rise in profit after tax at Rs 496 crore for the three months ended December 2019, mainly helped by higher income
Amid promoters' spat, IndiGo parent InterGlobe Aviation to hold shareholders' meet on 29 January
•InterGlobe Aviation on Friday said a meeting of shareholders will be convened on January 29 to seek approval for certain changes in the company's articles of association
IndiGo parent InterGlobe Aviation shares tank over 4% after DGCA directive to ground old A320 neo family aircraft
•Shares of InterGlobe Aviation on Tuesday dropped over 4 percent after the DGCA instructed IndiGo to ground an old A320 neo family aircraft with an unmodified Pratt and Whitney (PW) engine for every new A320 neo plane added to its fleet
IndiGo CEO says co-founders' feud has 'zero impact' on company; promoters on same page over airline's strategic direction
•Amid ongoing feud between the airline's promoters, IndiGo CEO Ronojoy Dutta on Thursday said there is "zero impact" on the carrier right now as they are on the same page over the airline's strategic direction
IndiGo says systems back to normal after hours-long outage hit operations at airports
•India’s largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers