Saturday, December 20, 2014

Investors told to put Rs 200 crore intoSpiceJet by year-end

The government has asked troubled SpiceJet's potential investors, led by co-founder Ajay Singh, to put in at least Rs 200 crore into the airline by the year-end. Singh, who had sold his stake to current
Promoter Kalanithi Maran in 2010, is planning to pump in about Rs 1,300 crore along with a couple of global PE funds and re-acquire the airline.

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