Former Niti Aayog CEO Amitabh Kant will join IndiGo’s board of directors, the company announced
InterGlobe Aviation, the parent company of the country’s largest airline IndiGo, made a big announcement on Thursday. InterGlobe Aviation announced the appointment of former Niti Aayog CEO Amitabh Kant as a non-executive director on its board of directors. Amitabh Kant resigned from the post of India’s G-20 Sherpa last month. InterGlobe Aviation said in a statement that his appointment to the board will be done only after regulatory and shareholder approval.
What did the chairman say on the appointment of Amitabh Kant
IndiGo’s Board of Directors Chairman Vikram Singh Mehta said, “IndiGo is happy to welcome Amitabh Kant as a board member. Amitabh Kant has tremendous experience of administrative work at the national and international level. His leadership qualities will greatly benefit IndiGo.” Mehta said that the IndiGo team can benefit from his extensive experience and knowledge in achieving its goal of becoming a global company by 2030.
Amitabh Kant has played many important roles in Niti Aayog
Let us tell you that Amitabh Kant held many important roles during his tenure in Niti Aayog. These include the role of Director on the Board of National Highways Authority of India (NHAI) and Member of the National Statistical Commission of India. On his appointment to the board of IndiGo, Amitabh Kant said, “I am very happy to join the Board of Directors of InterGlobe Aviation Limited (IndiGo). I look forward to contributing to the next chapter of IndiGo and India’s business, tourism and economic development.”
Shares of InterGlobe Aviation recorded a huge decline on Thursday
Shares of InterGlobe Aviation recorded a huge decline on Thursday. Today, the company’s shares closed at Rs 5765.85 on BSE with a huge loss of Rs 187.40 (3.15%). However, despite this decline, the company’s shares are very close to their 52 week high. The 52 week high of InterGlobe Aviation shares is Rs 6019.20 and the 52 week low is Rs 3778.50. According to BSE data, the current market cap of the company is Rs 2,22,856.00 crore.
