IndiGo’s Co-founder Not Intent On Taking Control Of Company: CEO


One of the co-founders of India’s largest airline IndiGo has no plans of taking control of the carrier, its Chief Executive said on Saturday, two days after parent InterGlobe Aviation Ltd shares fell over a media report about alleged differences between the co-founders.

InterGlobe’s shares fell 9 per cent on Thursday after India’s most read business newspaper Economic Times reported that the co-founders and two largest shareholders were at odds over its expansion. The shares were up slightly on Friday. Read more

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