Ajay Singh

SpiceJet’s Ajay Singh could promote over 10% stake in airline to lift funds

by

SpiceJet promoter and chairman Ajay Singh could offload greater than 10 per cent stake within the struggling service as a part of the most recent funding spherical that’s anticipated to shut by the tip of September, in line with sources. The finances service — which is grappling with a number of woes, together with monetary … Read more

SpiceJet resolves points with EDC; pays ₹755 crore

by

SpiceJet has reached a settlement with Export Improvement Canada (EDC) to settle liabilities price ₹755 crore. “SpiceJet and Export Improvement Canada (EDC) have reached an settlement that can assist SpiceJet clear its main money owed, giving a lift to its monetary well being,” mentioned SpiceJet in a press release. “As a part of the deal, … Read more