News: M.D. Mallya likely to join IndiGo board amid IPO talk

C-Suite

M.D. Mallya likely to join IndiGo board amid IPO talk

India’s largest airline by market share IndiGo, majority-owned by InterGlobe Enterprises Ltd, has approached retired Bank of Baroda (BoB) chairman M.D. Mallya to become the first outsider to join its board amid renewed speculation that the privately held budget carrier may be preparing to sell shares to the public soon, Mint reported. “He (Mallya) will join them as a board member in next one or two months,” said a person aware of the development who declined to be named. A second person aware of the development confirmed that Mallya was expected to join the board. He too asked not to be named. IndiGo declined to comment on the matter.

India’s largest airline by market share IndiGo, majority-owned by InterGlobe Enterprises Ltd, has approached retired Bank of Baroda (BoB) chairman M.D. Mallya to become the first outsider to join its board amid renewed speculation that the privately held budget carrier may be preparing to sell shares to the public soon, Mint reported. “He (Mallya) will join them as a board member in next one or two months,” said a person aware of the development who declined to be named. A second person aware of the development confirmed that Mallya was expected to join the board. He too asked not to be named. IndiGo declined to comment on the matter.

A second person aware of the development confirmed that Mallya was expected to join the board. He too asked not to be named. IndiGo declined to comment on the matter. “I am on the board of Emami and India Infradebt. I am (also) an advisor to Tata Capital,” Mallya said in a phone interview on the positions he has taken up since retiring from Bank of Baroda in 2011, while declining to comment on the possibility of joining the IndiGo board.

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Topics: C-Suite, #ChangeManagement, #Corporate

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