IndiGo board meet to continue on Saturday; no differences among promoters on growth strategy: Dutta

| | New Delhi
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IndiGo board meet to continue on Saturday; no differences among promoters on growth strategy: Dutta

Saturday, 20 July 2019 | PTI | New Delhi

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

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

Dutta also asserted that there is absolutely no disagreement between the promoters over the airline's growth strategy.

InterGlobe Aviation is the parent of the country's largest airline IndiGo.

During a conference call to discuss the June quarter financial results, Dutta said the board meeting would continue on Saturday.

"The board in its meeting today had a discussion on appointment of an independent woman director," he said, adding that in order to induct a woman director, the Articles of Association (AoA) of the company has to be amended.

"We are working on this and we hope to have a solution tomorrow," he added.

After Gangwal sought Sebi's intervention to address governance issues, the regulator is probing the matter. The corporate affairs ministry is also looking into the issue.

"The board is having a full some discussion on all issues... The board covered  a whole range of issues and will continue tomorrow," Dutta said, adding that there were a number of committee meeetings, including the audit committee.

To a query on whether there are disagreements among the promoters over the airline's international strategy, Dutta said there is absolutely no disagreement on international strategy.

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