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Our growth strategy remains unchanged: IndiGo CEO after reported disagreement between promoters

Press Trust of India  |  New Delhi 

The growth strategy of 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 as there were various on Thursday morning regarding alleged disagreements between the airline's two promoters - and Gangwal.

InterGlobe owns and manages airline, which has around 44 per cent share in the domestic passenger market.

"I want to assure you that the growth strategy of the remains unchanged and firmly in place, and the management is fully charged by the Board to implement it," Dutta said in the email.

"I am sure you are all aware of the press reports regarding alleged disagreements between our two promoters and Gangwal," he added.

The said the company would continue its focus on creating value for all shareholders, customers, employees and the communities it serves.

As per the media reports, serious differences have cropped up among the two chief promoters over strategies and ambitions for the

In order to resolve the differences amicably so that it does not affect airline's functioning, Gangwal and Bhatia are taking help from law firms and Khatian & Co, respectively, as per the

did not respond to the specific queries sent by the PTI regarding this matter.

While Gangwal owns around 37 per cent share in InterGlobe Aviation, Bhatia has around 38 per cent share in the company that is listed on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 15:06 IST
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