Tuesday, July 04, 2017

Air India privatisation: After writing to employees, IndiGo reaches out to investors to address their concerns

New Delhi: Having already communicated to its employees that IndiGo will not pursue Air India bid if it is not profitable, InterGlobe Aviation, which runs IndiGo Airlines, has now called for a concall with analysts and investors to discuss the plan and strategy on IndiGo’s expression of interest in Air India’s privatisation and to take their queries regarding the same.
In a disclosure to the stock exchanges the company said that it will hold a conference call with analysts and investors on Thursday to discuss IndiGo’s expression of interest in the privatisation of Air India and IndiGo’s views regarding long-haul, international operations. The statement said, “ Rahul Bhatia and Rakesh Gangwal will discuss the plans and strategy on the above topics followed by a question and answer session from analysts and investors.”
Experts say that the letter to employees last week, clarifying company’s position on the acquisition, and now the invitation for a concall with investors and analysts seem to be a result of the knee-jerk reaction by investors at the stock market following the news of company’s interest in acquiring Air India.
04/07/17 Indian Express