NEW DELHI: “I am glad that the disagreements have been resolved and we can all discard the shallow breathing borne out of anxiety and take deep Yoga breaths as we restore our tranquility.” IndiGo CEO Ronojoy Dutta broke this long-awaited news to anxious employees on Monday morning, signalling that promoters Rahul Bhatia and Rakesh Gangwal have finally declared truce in their war of words.
“I need to update you on two developments within the company, both in the good news category. We had a good annual general meeting on August 27, followed by a very constructive board meeting on August 30. As you know, there were a couple of contentious issues between our two promoters, which needed to be addressed. The first related to the issue of related party transactions (RPT) and the second related to the size and composition of the new board as we induct some independent directors,” Duttatold employees in a mail
“I am pleased to tell you that both issues have now been satisfactorily sorted out.
