Friday, February 13, 2015

IndiGo denies stake-sale talks with Qatar Airways

IndiGo said it was not in "talks" with any airline including Qatar Airways for a stake sale, a month after the gulf carrier's chief executive Akbar Al Baker expressed his desire to invest in the Indian company.

"Indigo is not even in talks with Qatar...The question does not arise. Its kind of them (Qatar) to say that...

"Its a decision not happening at my level.. We're not in talks with anyone," IndiGo President Aditya Ghosh told reporters on the sidelines of an event here.

Currently, Rahul Bhatia of InterGlobe Enterprises holds 51.12% stake in IndiGo and the rest 48.88% is held by another investor Rakesh S Gangwal through his Virginia-based company Caelum Investments.
13/02/15 PTI/Daily News & Analysis
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