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Carlyle to get 7.5% stake in SpiceJet as part of debt restructuring

The struggling airline has converted its unpaid debt to Carlyle and its affiliates into equity shares and compulsorily convertible debentures, according to a press release from the company, and as a result, Carlyle Aviation Partner will receive a 7.5% stake in SpiceJet Ltd.

By issuing equity shares and compulsorily convertible debentures of 25.56 billion rupees, SpiceJet ....

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