Sebi probes plunge in InterGlobe stock ahead of Ghosh’s resignation
Sebi is examining the sharp plunge in shares of InterGlobe Aviation, parent of IndiGo, hours before it announced the resignation of its president Aditya Ghosh, officials said. The Securities and Exchange Board of India (Sebi) is probing a more than 6 per cent plunge in the country’s largest domestic carrier’s shares price on April 27. Hours after the market close that day, the airline announced the resignation of Ghosh at 7.56 pm. While his resignation as president is effective from July 31, Ghosh quit as a director of the company…
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