New Delhi: Shares of InterGlobe Aviation dropped nearly 9% on Thursday amid reports of rift between promoters of IndiGo. IndiGo CEO Ronojoy Dutta on Thursday told employees that the airline's growth strategy remains unchanged and is firmly in place, amid reports of rift between two promoters of the country's largest carrier. Without directly mentioning about the rift between promoters, Dutta referred to media reports in this regard in the communication. IndiGo is yet to issue a formal statement on the rift between the promoters. Meanwhile, BSE has sought clarification from InterGlobe Aviation with reference to news that Bhatia and Gangwal differ over airline's control and performance.

Source: Mint May 16, 2019 11:03 UTC