SpiceJet pays Rs 32 cr interest-free advance to promoter Ajay Singh
SpiceJet chairman and managing director Ajay Singh has received an advance payment of Rs 32 crore from the budget airline. The interest-free amount to Singh is almost equivalent to the salary for his next five years.
It will be adjusted from his salary, SpiceJet said in its FY25 annual report.
This advance payment to Singh is in addition to the Rs 7.2 crore paid to Singh as remuneration for FY 25.
