INSUBCONTINENT EXCLUSIVE:
from several large investors including Tata Mutual Fund, people familiar with the matter said, providing a lifeline to the Indian airline
that has furloughed staff and delayed tax payments.
The carrier, based in Gurugram near New Delhi, also received interest from Authum
Investment and Think Investments besides a slew of other institutional investors, the people said, asking not to be identified because the
A spokesperson for Tata Mutual, which is run by Tata Asset Management, declined to comment
withheld mandatory social security payments since January 2022
Auditors of SpiceJet, which has plunged to sixth in domestic market-share rankings from second three years ago, have raised concerns about
liabilities, SpiceJet entered into a pact with Carlyle Aviation Management Ltd
to bring grounded aircraft back into service and that it planned to repair and refurbish its fleet
The carrier has an order book of 147 Boeing Co
737 jets and is considering wide-body operations for Asia-Europe routes, it said.
DAM Capital Advisors Ltd
were bookrunners for the share sale, according to a document filed to the exchanges.(Only the headline and picture of this report may have
been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Sep 20 2024
