New Delhi, March 10 -- Shares of InterGlobe Aviation, the parent of India's largest airline IndiGo, are expected to open lower on Wednesday, March 11, after the company's chief executive officer, Pieter Elbers, exited his position on Tuesday, citing personal reasons.

On Tuesday, the company informed the exchanges that Pieter Elbers had resigned with immediate effect, prompting the founder and managing director, Rahul Bhatia, to step in as interim boss.

"As per our conversation, due to personal reasons, I herewith submit my resignation from the position of CEO of IndiGo with effect from today. I would request that the notice period be waived off," Elbers said in his resignation letter.

Before joining IndiGo on September 6, 2022, Elbers ...