NEW DELHI: IndiGo is sending its reply to Sebi on clarifications sought by the market regulator following complaints from the airline\u2019s co-founder and promoter Rakesh Gangwal. \u201cWe will respond to the corporate affairs ministry by the end of next week,\u201d said IndiGo CEO Ronojoy Dutta (Rono) said.
\nThe airline\u2019s board met on Friday and will do so on Saturday also. Apart from expanding the board, an independent woman member will also be appointed, which was an issue raised by Gangwal.
\n\u201cOf course we have to take this step to comply with the law. But in order to induct an independent woman director we need to change the Articles of Association of the company which now need to be amended. We are working on this. And a final decision on this subject will be taken (Saturday),\u201d Rono said in a conference call with analysts shortly after the results were declared, adding, \u201cWe are discussing a whole range of issues (referring to issues raised by Rahul Bhatia-Gangwal spat).\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: IndiGo is sending its reply to Sebi on clarifications sought by the market regulator following complaints from the airline\u2019s co-founder and promoter Rakesh Gangwal. \u201cWe will respond to the corporate affairs ministry by the end of next week,\u201d said IndiGo CEO Ronojoy Dutta (Rono) said. The airline\u2019s board met on Friday and will do so on Saturday also. Apart from expanding the board, an independent woman member will also be appointed, which was an issue raised by Gangwal. \u201cOf course we have to take this step to comply with the law. But in order to induct an independent […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-283428","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283428"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283428\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}