IndiGo, country’s largest airline by market share, has proposed to issue 185,000 shares worth to CEO and whole time director Ronojoy Dutta, under the company’s Employee Stock Option Plan (ESOP). The shares which can be exercised at a price of Rs 765 per share is worth Rs 14,15,25,000. Dutta can exercise 25 per cent of that at the end of first year, 35 per cent at the end of second year and remaining 40 per cent in December 2023 when his current tenure ends. This is over and above Rs 11.9 crore of compensation that has been paid to Dutta by the company till December 31. The remuneration package was approved by the company’s shareholders in the Annual General Meeting of FY20 in September. The compensation also includes Rs 3.7 crore which Dutta is entitled to as commitment bonus.