IndiGo board meeting to continue on Saturday, says CEO Dutta

Image
Press Trust of India New Delhi
Last Updated : Jul 19 2019 | 6:01 PM IST

The board of InterGlobe Aviation Friday discussed a "range of issues", including appointment of a woman director, and the meeting will continue on Saturday, company's CEO Ronojoy Dutta said.

The board meet also comes against the backdrop of an onging spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses.

During a conference call to discuss the June quarter financial results, Dutta said the board is discussing a whole range of issues.

The board discussed about appointing a woman director and that would need changes in the company's Articles of Association (AoA), he said.

The board meeting would continue on Saturday, Dutta said.

After Gangwal sought Sebi's intervention to address governance issues, the regulator is probing the matter.

The company is responding to Sebi, Dutta said.

For three months ended June, InterGlobe Aviation reported its highest ever quarterly profit of Rs 1,203.14 crore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2019 | 6:01 PM IST

Next Story