India’s largest airline IndiGo could finally be witnessing peace between promoters after months of public spat. In a recent letter to employees, CEO Ronojoy Dutta said: “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 tranquillity,” signalling peace at the airline. Dutta also said that following the AGM on 27 August and board meeting on 30 August, the airline has resolved the ongoing issues of board members and Related Party Transfers (RPTs).
Rakesh Gangwal had raised red flags about the company’s governance policies and accused Rahul Bhatia-governed InterGlobe Enterprises of unnatural control over serious matters concerning the airline. This included the appointment of directors and Related Party Transactions. However, the company has now decided to expand the board to 10 members out of which, 4 will be independent directors, Dutta informed the employees, adding that the promoters’ issue didn’t touch the company, Times of India cited Ronojoy Dutta as saying. Earlier, Gangwal had also hinted at truce on August 23 as he showed his approval for changes proposed by the airline.
