IndiGo to expand board size, to have 4 independent directors
Updated : July 22, 2019 09:29 AM IST
The board of IndiGo met on Friday to consider and approve the financial results for the June quarter where the airline posted a net profit of Rs 1,203 crore, but the centre-stage was taken by the dispute between the two promoters, Rahul Bhatia and Rakesh Gangwal.
In the board meeting, which continued on Saturday, the board of directors decided to amend the Articles of Association (AoA) for expanding the board up to a maximum of 10 members, including four independent directors.
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