Indigo’s Bhatia Unlikely To Relent On Change In Control Structure


Even as a dispute rages by the day with letter-bombs being dropped by the warring promoters, IndiGo co-promoter Rahul Bhatia is unlikely to budge from his position and agree to dilute airline’s control structure that gives him right to nominate Chairman, CEO and other management personnel.

Sources told IANS that Bhatia was ready for scrutiny of company books by any government agency as there are no deficiencies in its functioning from Company law perspective.

“The issues pertaining to related-party transactions (RPTs) and corporate governance have been raised. On pretext of this, one promoter wants to change the governance structure. But Rahul Bhatia is not going to yield,” the executive said. Read more

You may also read!

Norms eased to sell Pawan Hans stakes

Failing twice to get through its disinvestment plan to privatise state-owned Pawan Hans, the helicopter company, the government has

Read More...

Efforts pay off, Air India to restore three flights from Vij

In good news for fliers from the city, Air India has decided to restore a few flight services which

Read More...

India rejects Trump’s claim that Modi asked him to mediate on Kashmir issue

The Indian government has denied President Donald Trump's astonishing claim that Prime Minister Narendra Modi had asked him to

Read More...

Mobile Sliding Menu