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Recently, airline SpiceJet completed the hive off of its cargo and logistics division, SpiceXpress, into a separate entity, paving way for the company to raise funds independently. The separation has been effective from April 1.
SpiceXpress, the cargo division of SpiceJet, announced that UK-based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics Pvt. Limited.