SpiceJet seeks shareholder approval for 5.91% stake transfer to Carlyle
SpiceJet has sought approval from its shareholders for aircraft lessor Carlyle Aviation Partners to acquire 5.91 per cent in the airline at Rs. 48 a share.
The lessor will get the shares after converting its existing outstanding dues of $28.16 million, the airline said. “This will reduce the outstanding debt obligations of the company,” it added. The airline stock closed at Rs. 31.42 on the BSE, up 7.20 per cent, on Wednesday.
On February 27, SpiceJet said that it had restructured outstanding dues worth $100 million to Carlyle, following which the lessor would pick a 7.5 per cent stake in the airline.
