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Mehta began his profession within the Indian Administrative Service (IAS) in 1978 and later held outstanding roles within the vitality and coverage sectors.
IndiGo, the nation’s largest airline, has introduced the appointment of former IAS (Indian Administrative Service) officer Vikram Singh Mehta as the brand new chairman. Mehta has been a Member of the Board of InterGlobe Aviation Ltd (IndiGo) since May 2022. He is succeeding Venkataramani Sumantran who stepped down after finishing his five-year time period.
Sumantran was appointed because the Chairman in May 2022 and, post-COVID, navigated the Board throughout IndiGo’s sturdy restoration and unimaginable development over the previous three years, the discharge stated.
Who is Vikram Singh Mehta?
Mehta began his profession within the Indian Administrative Service (IAS) in 1978 and later held outstanding roles within the vitality and coverage sectors.
He has served as Chairman of the Shell Group of Companies in India and as CEO of Shell Markets and Shell Chemicals, Egypt, amongst different roles. He has additionally served on the boards of assorted corporations.
A Mathematics graduate from St.Stephen’s College, Delhi University, Mehta additionally holds grasp’s levels in Politics and Economics from Oxford University and in Energy Economics from Tufts University.
Apart from Mehta, there are six members on the corporate’s board, together with co-founder Rahul Bhatia, as per data out there on the IndiGo web site.
IndiGo Share Price
Meanwhile, shares of Indigo ended the session at Rs 5,324.85 on the BSE. This was a acquire of Rs 11.70 or 0.22 per cent from the earlier shut of Rs 5313.15. While the counter began the buying and selling session at Rs 5,322.65, it gained to the touch the intraday excessive of Rs 5,355.70. The intraday low of the inventory right now was Rs 5,297.45.
The 52-week excessive and low of the inventory are Rs 5,665.65 and Rs 3,778.50. The market cap of the corporate is Rs 2,05,773.17.
IndiGo Promoter Reduces Holdings
Earlier on Tuesday, IndiGo promoter and co-founder Rakesh Gangwal and his household belief decreased their holdings by divesting a 5.72 per cent stake within the airline for Rs 11,564 crore by open market transactions.
