{"id":431159,"date":"2021-08-18T08:24:20","date_gmt":"2021-08-18T02:54:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431159"},"modified":"2021-08-18T08:28:27","modified_gmt":"2021-08-18T02:58:27","slug":"hiving-off-logistics-biz-fund-raise-to-unlock-value-for-spicejet-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hiving-off-logistics-biz-fund-raise-to-unlock-value-for-spicejet-investors\/","title":{"rendered":"Hiving off logistics biz, fund raise to unlock value for SpiceJet investors"},"content":{"rendered":"<p>SpiceJet shares soared 5 per cent to Rs 72.4 apiece on the BSE in the intra-day trade on Tuesday, but ended 4.6 per cent higher at Rs 71.9, after the budget airline announced transferring of its cargo and logistics services business, on a slump sale basis, to SpiceXpress and Logistics Pvt. Limited subject to shareholders\u2019 approval. <\/p>\n<p>Besides, it has also sought shareholders\u2019 approval to raise funds worth Rs 2,500 crore through Qualified Institutions Placement. <\/p>\n<p>Analysts say the move will remove key overhangs from the stock and suggest investors \u2018hold\u2019 it in their portfolios, for now. <\/p>\n<p>&#8220;There is a significant growth opportunity in the international cargo market. Almost 90 per cent of international cargo has been carried by the international carriers, <\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet shares soared 5 per cent to Rs 72.4 apiece on the BSE in the intra-day trade on Tuesday, but ended 4.6 per cent higher at Rs 71.9, after the budget airline announced transferring of its cargo and logistics services business, on a slump sale basis, to SpiceXpress and Logistics Pvt. Limited subject to shareholders\u2019 approval. Besides, it has also sought shareholders\u2019 approval to raise funds worth Rs 2,500 crore through Qualified Institutions Placement. Analysts say the move will remove key overhangs from the stock and suggest investors \u2018hold\u2019 it in their portfolios, for now. &#8220;There is a significant growth [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-431159","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431159","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431159"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431159\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}