New Delhi: For the past few weeks, there has been a lot of noise around "dividend stripping" by IndiGo promoters ahead of the initial public offer this week. But the promoters - Rakesh Gangwal and Rahul Bhatia, who have built the country's largest airline - maintained they have not done anything that is not in line with past payouts.
"Barring 2012, when we did not pay dividend because Kingfisher was going out of business and we did not know what it meant, dividends have always been paid... This is as sudden as we have been doing for five years. It became part of the process," Gangwal told TOI ahead of the IPO that is expected to result in a market cap of around $4.2 billion.
26/10/15 Sidhartha/Times of India
To Read the News in full at Source, Click the Headline
"Barring 2012, when we did not pay dividend because Kingfisher was going out of business and we did not know what it meant, dividends have always been paid... This is as sudden as we have been doing for five years. It became part of the process," Gangwal told TOI ahead of the IPO that is expected to result in a market cap of around $4.2 billion.
26/10/15 Sidhartha/Times of India
