Stock Report

IndiGo appoints Mr. Meleveetil Damodaran as Non-Independent Non-Executive Director

Posted On : 2022-07-16 21:01:58( TIMEZONE : IST )

IndiGo appoints Mr. Meleveetil Damodaran as Non-Independent Non-Executive Director

The Board of Directors (Board) of InterGlobe Aviation Limited (IndiGo), has approved the appointment of Mr. Meleveetil Damodaran as Non-Independent Non-Executive Director, subject to approval of the Members of the Company.

Mr. Meleveetil Damodaran IAS (Retd.), presently a Governance Consultant, Advisor, Mentor and Coach, has worked with the Union and the State Governments of India, regulatory bodies, investment institutions, banks, development financial institutions and with the private sector. He was Chairman of Securities and Exchange Board of India (SEBI) from February 2005 to February 2008. He has led the highly successful and transformational restructuring efforts in Unit Trust of India (UTI) and Industrial Development Bank of India (IDBI). During his tenure at SEBI, he was elected Chairman of the Emerging Markets Committee (EMC) of the International Organisation of Securities Commission (IOSCO). He has chaired high powered committees of the Government of India, Reserve Bank of India (RBI) and some Chambers of Commerce. He has won several awards for governance, leadership and transformation. He presently sits on the Boards of some of India's biggest companies and on the Advisory Boards of some foreign entities. He was the Founder Chairman of Indian Institute of Management (IIM), Tiruchirappalli. He is widely acknowledged as one of India's foremost champions of Corporate Governance and is passionate about improving Board performance. He graduated with distinction in Economics and in Law from the Universities of Madras and Delhi respectively.

He was an Independent Director and Chairman of IndiGo from January 24, 2019 to May 3, 2022.

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 1783.70 as compared to the previous close of Rs. 1762.75. The total number of shares traded during the day was 16998 in over 2307 trades.

The stock hit an intraday high of Rs. 1790.00 and intraday low of 1753.80. The net turnover during the day was Rs. 30190486.00.

Source : Equity Bulls


InterGlobeAviation INE646L01027 INDIGO Airlines 6E Appointment