secretstalks
On Monday, Rahul Bhatia, the managing director and co-founder of IndiGo, clarified that InterGlobe Enterprises’ recent equity sale was aimed at raising funds for general corporate purposes and business needs. He reassured that both the company and himself are committed to staying involved.
This statement comes amid concerns about a major stakeholder divesting shares during the airline’s ambitious expansion phase. In June, InterGlobe Enterprises Pvt. Ltd., the parent company of IndiGo, sold 7.72 million shares, which represents approximately 2 percent of InterGlobe Aviation’s total share capital.
At an event celebrating IndiGo’s 18 years of operation, an emotional Bhatia explained that the stake sale was a straightforward move to secure necessary funding for operational and corporate purposes. “The stake sale is really that straightforward… InterGlobe and I are committed to staying,” Bhatia assured the audience in the national capital.
This post was created with our nice and easy submission form. Create your post!
