Statement by Ronojoy Dutta, Whole Time Director and CEO:
A section of the media has reported regarding the outcome of a "preliminary SEBI enquiry" on
InterGlobe Aviation ('IndiGo'). As already notified to the Stock Exchanges yesterday, IndiGo once
again clarifies that it has not received any communication from the SEBI regarding any outcome of
any preliminary enquiry by SEBI. Further, IndiGo strongly denies any allegations of wrongdoing or
avoidance of processes.
It reiterates that it has strong processes for ensuring arm’s length dealings with related parties and that such transactions were entered into in the ordinary course of business and were in the best interests of IndiGo. IndiGo has responded to all queries from the SEBI regarding these matters and remains confident that its position will be accepted. If and when SEBI conveys to IndiGo any outcome of an enquiry, IndiGo being confident of its compliance record, will deal with it appropriately. IndiGo requests all media outlets to refrain from relying on unverified "source-based"
information on this matter.
A section of the media has reported regarding the outcome of a "preliminary SEBI enquiry" on
InterGlobe Aviation ('IndiGo'). As already notified to the Stock Exchanges yesterday, IndiGo once
again clarifies that it has not received any communication from the SEBI regarding any outcome of
any preliminary enquiry by SEBI. Further, IndiGo strongly denies any allegations of wrongdoing or
avoidance of processes.
It reiterates that it has strong processes for ensuring arm’s length dealings with related parties and that such transactions were entered into in the ordinary course of business and were in the best interests of IndiGo. IndiGo has responded to all queries from the SEBI regarding these matters and remains confident that its position will be accepted. If and when SEBI conveys to IndiGo any outcome of an enquiry, IndiGo being confident of its compliance record, will deal with it appropriately. IndiGo requests all media outlets to refrain from relying on unverified "source-based"
information on this matter.
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