Several global funds are in discussions and talks are currently focussed around the pricing of the loan, which is likely to be structured credit transaction, sources aware of the ongoing negotiations told Moneycontrol on condition of anonimity
This comment comes after news reports stated that promoter Ajay Singh is in talks for a stake sale, including with a Middle Eastern airline. Singh holds a 60 per cent stake in the airline.
The Delhi High Court on Thursday granted interim protection from arrest to SpiceJet promoter Ajay Singh in a case of an alleged fraud related to the transfer of shares of the airline to certain individuals.