NEW DELHI: The IndiGo scrip fell sharply on Thursday, a day after reports of disagreement between the airline’s two promoters — Rahul Bhatia and Rakesh Gangwal — surfaced. The low cost carrier’s (LCC) scrip closed 8.8 per cent lower at Rs 1,466.60 on the BSE index, in one of its sharpest one-day falls after touching an intra-day low of Rs 1,450.50.
IndiGo CEO Ronojoy Dutta on Thursday wrote a mail to employees, saying: “… you are all aware of the press reports regarding alleged disagreements between our two promoters Rahul Bhatia and Rakesh Gangwal. I want to assure you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the board to implement it.”
“We will continue our focus on creating value for all our shareholders, our customers, our employees and the communities we serve. Thank you for your dedication to our values of safety and courteous, hassle free service to our customers,” Rono, as he is known in the industry, adds in the short mail.
