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Cash-strapped SpiceJet raises Rs 316 crore as part of funding plan

Budget carrier SpiceJet raised Rs 1,060 crore through its preferential issue, with investors including Aries Opportunities Fund Ltd. and Elara India Opportunities Fund Ltd. The funding will help the airline induct fresh capacity, reduce liabilities, and lower the cost of capital. ....

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SpiceJet's Ajay Singh Wants To Bite Off More Than He Can Chew. Can He Work It Out In The End?

SpiceJet's Ajay Singh Wants To Bite Off More Than He Can Chew. Can He Work It Out In The End?
forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.

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SpiceJet to use funds to cut liabilities

The board of SpiceJet Ltd had decided in December to raise over ₹2,250 crore through a preferential issue of shares and warrants. ....

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Mumbai Couple Harihara and Preeti Mahapatra Invest Rs1,100 Crore in SpiceJet for 19% Stake

In a strategic move to bolster SpiceJet s financial position and spur growth, Mumbai-based businessman Harihara Mahapatra and his wife Preeti have announced a substantial investment of Rs 1,100 crore in the airline. The acquisition secures the couple a 19 per cent stake in SpiceJet, as revealed in a stock exchange filing by the airline. ....

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Biz couple to invest Rs 1,100 cr in SpiceJet

Biz couple to invest Rs 1,100 cr in SpiceJet
nagalandpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nagalandpost.com Daily Mail and Mail on Sunday newspapers.

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