Why may IndiGo’s parent InterGlobe Aviation shares have a gap-down opening on Wednesday? Explained
Shares of InterGlobe Aviation, the parent of India’s largest airline IndiGo, are expected to open lower on Wednesday, March 11, after the company’s chief executive officer, Pieter Elbers, exited his position on Tuesday, citing personal reasons.
On Tuesday, the company informed the exchanges that Pieter Elbers had resigned with immediate effect, prompting the founder and managing director, Rahul Bhatia, to step in as interim boss.
