No differences between two promoters: IndiGo

Ronojoy Dutta has clarified that RG Group has no desire to take control of the company. .

india Updated: May 18, 2019 22:52 IST

The Gangwal family holds 36.69% share in the company while Rahul Bhatia and his family owns 38.26% in the 14-year-old airline. (REUTERS)

Amid speculation of differences between two promoters of India’s largest carrier IndiGo, the company’s CEO Ronojoy Dutta has clarified that RG Group has no desire to take control of the company.

“I am categorically and clearly stating that there is no interest or desire whatsoever on the part of the RG Group to take control of the company. Also, to put to rest the messaging on the fact that the RG Group is attempting to renegotiate the Shareholders Agreement (SHA), I am placing on record that the RG Group stands by the current SHA which, in any case, expires this October,” Dutta said in a statement, adding that he has been authorized by Rakesh Gangwal to make the comment.

The Gangwal family holds 36.69% share in the company while Rahul Bhatia and his family owns 38.26% in the 14-year-old airline.

First Published: May 18, 2019 22:52 IST