IndiGo promoter spat: Govt seeks reply from InterGlobe Aviation on allegations of governance lapses; more directors on board likely
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.
The scrip of InterGlobe Aviation on Monday erased its early losses and ended 2 percent higher mainly on value buying at a lower level
IndiGo parent InterGlobe Aviation's shares fall nearly 5% amid slew of negative news surrounding airline
The scrip of InterGlobe Aviation fell nearly 5 percent on Monday amid a slew of negative news surrounding the airline, including allegations of governance lapses
IndiGo promoter spat: Airline's board members likely to question co-promoter Rakesh Gangwal on 19 July
The IndiGo board may also seek answers from Gangawal for taking the issues to public forums instead of trying to settle the disputes at the board level itself.
According to a statement, IGE Group continued to support the startup (IndiGo) without diluting Gangwal's potential upside.
InterGlobe Aviation is the parent of the country's largest airline IndiGo.
Shares of InterGlobe Aviation extend losing streak for the second consecutive session and fell over 3 percent amid a tussle between the co-promoters Rakesh Gangwal and Rahul Bhatia
IndiGo CEO asks employees to work as usual, says issues between promoters have nothing to do with airline's functioning
Issues between promoters have nothing to do with IndiGo and its functioning, the CEO of the airline said in a letter to his employees, a day after a spat between the promoters of the country's largest carrier became public
IndiGo promoters' feud out in open: Rakesh Gangwal seeks Sebi's intervention; says even 'paan ki dukaan' would have managed better
Alleging that the company has "started veering off" from the core principles and values of governance, Gangwal has said that even a paan ki dukaan (betel shop) would have managed matters with more grace.
Jet Airways crisis: Lenders likely to take final decision on the fate of grounded airline in next two weeks
Lenders are yet to receive a formal offer from the Hinduja Group, which had recently said it was evaluating the opportunity to invest in Jet Airways
IndiGo Q4 profit jumps five-folds to Rs 589.6 crore; total income rises by 35.5% to Rs 8,259.8 crore
IndiGo's total income rose by 35.5 percent to Rs 8,259.8 crore in the quarter ended March 2019 compared to Rs 6,097.7 crore in the year-ago period
Jet Airways shares soar 15% after Hinduja Group says it is evaluating opportunity to invest in the airline
Jet Airways shares have ended in the green for the second session in a row on the bourses
IndiGo, SpiceJet and GoAir have been rushing to fill the vacuum left by the collapse of Jet Airways, once India’s largest carrier, and gain control of its valuable slots.
The IndiGo employees' worries have significance especially in the backdrop of the developments that led to the temporary grounding of Jet Airways last month.
InterGlobe Aviation stock tanks 9% amid reports of rift between IndiGo promoters; company’s market valuation dips
IndiGo CEO Ronojoy Dutta on Thursday told employees that the airline's growth strategy remains unchanged and is firmly in place, amid reports of rift between two promoters of the country's largest carrier.
he growth strategy of IndiGo remains unchanged and the airline's management has the 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
IndiGo parent, InterGlobe Aviation's shares tank nearly 8% on reports of alleged rift between promoters
Shares of InterGlobe Aviation Limited dropped nearly 8 percent on Thursday amid reports of an alleged rift between the promoters of IndiGo
SpiceJet announcement comes at a time when airfares have been on an upswing across India for the last few weeks due to a sharp decline in the number of flights
Aviation stocks on Friday rallied up to 7 percent on the BSE even as DGCA's data showed a slowdown in air passenger traffic in February