SpiceJet promoter Ajay Singh readies $1 billion war chest for Air India bid - Business News: Latest News & Videos about market and economy | Trendmergers

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SpiceJet promoter Ajay Singh readies $1 billion war chest for Air India bid

The SpiceJet promoter will use a combination of his shares in the listed company and equity that will be allocated to him as part of a planned hive-off of his airline’s cargo business as security to raise about $300 million.

from Industry-Economic Times
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