IndiGo pays Rs 2.1 crore to settle case with Sebi
Mumbai: InterGlobe Aviation, parent of India’s largest airline Indigo, has settled a case with the Securities and Exchange Board of India(Sebi) for alleged violation of corporate governance norms by paying Rs 2.10 crore as settlement charges. The capital markets regulator said pending adjudication proceedings, InterGlobe Aviation NSE -2.17 % proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of fact and conclusions of law, through a consent order. ET reported on Tuesday that InterGlobe had moved Sebi to settle the violation through the consent process.
