IndiGo Co-founder Rahul Bhatia Clarifies On Stake Sale

IndiGo Co-founder Rahul Bhatia Clarifies On Stake Sale

IndiGo Co-Founder and Managing Director Rahul Bhatia on Monday clarified that the recent stake sale by InterGlobe Enterprises was solely to raise funds for business and general corporate purposes, with Bhatia himself stating that he and the company are “here to stay.” Amid ongoing concerns about a major stakeholder divesting shares during the airline’s ambitious expansion plans, recent remarks have come into focus. In June, InterGlobe Enterprises Pvt Ltd sold 7.72 million shares, which accounts for approximately 2 percent of InterGlobe Aviation’s total share capital, the parent company of IndiGo. He speaks with Business Today TV on the 18-year journey of IndiGo.