{"id":426254,"date":"2021-07-16T11:13:36","date_gmt":"2021-07-16T05:43:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426254"},"modified":"2021-07-16T11:13:36","modified_gmt":"2021-07-16T05:43:36","slug":"spicejet-promoter-ajay-singh-readies-1-billion-war-chest-for-air-india-bid","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-promoter-ajay-singh-readies-1-billion-war-chest-for-air-india-bid\/","title":{"rendered":"SpiceJet promoter Ajay Singh readies $1 billion war chest for Air India bid"},"content":{"rendered":"<p>Ajay Singh is putting together a $1 billion war chest for his Air India bid, which will be made through a special purpose vehicle (SPV) that\u2019s likely to include participation from two US-based funds, according to people briefed on the matter. Singh didn\u2019t respond to queries.<\/p>\n<p>The SpiceJet NSE -0.32 % 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\u2019s cargo business as security to raise about $300 million. This will be his personal contribution to the funding vehicle that will bid for the government\u2019s 100% shareholding in Air India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ajay Singh is putting together a $1 billion war chest for his Air India bid, which will be made through a special purpose vehicle (SPV) that\u2019s likely to include participation from two US-based funds, according to people briefed on the matter. Singh didn\u2019t respond to queries. The SpiceJet NSE -0.32 % 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\u2019s cargo business as security to raise about $300 million. This will be his personal contribution to the funding vehicle that [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-426254","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=426254"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426254\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}