SpiceJet gets fresh lifeline: Mumbai-based business couple Harihara and Preeti Mahapatra to invest Rs 1,100 crore
Wednesday, 20 December 2023
Harihara Mahapatra and his wife plan to invest Rs 1,100 crore in SpiceJet, acquiring a 19% stake. The funds will be utilized for various purposes such as settling past dues, acquiring new aircraft, and compensating employees. The investment will decrease promoter Ajay Singh's shareholding in the airline.
Harihara Mahapatra and his wife plan to invest Rs 1,100 crore in SpiceJet, acquiring a 19% stake. The funds will be utilized for various purposes such as settling past dues, acquiring new aircraft, and compensating employees. The investment will decrease promoter Ajay Singh's shareholding in the airline.
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