IndiGo to seek shareholders’ nod for Bhatia’s appointment as MD

NEW DELHI: InterGlobe Aviation will seek shareholders’ approval for appointment of co-founder Rahul Bhatia as the Managing Director as well as for availing advisory services from non-executive director Gregg Albert Saretsky.
The remote e-voting process for the shareholders will be open from February 17 till March 18, according to a regulatory filing on Wednesday.
The results of the postal ballot will be declared on or before March 20.
On February 4, InterGlobe Aviation — parent of the country’s largest airline IndiGo — announced the appointment of Bhatia as the Managing Director with immediate effect.
Bhatia “shall not draw any remuneration from the company during his tenure as the Managing Director”, as per the postal ballot notice.