{"id":511688,"date":"2022-08-04T11:43:52","date_gmt":"2022-08-04T06:13:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511688"},"modified":"2022-08-04T11:43:52","modified_gmt":"2022-08-04T06:13:52","slug":"spicejet-promoter-ajay-singh-explores-stake-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-promoter-ajay-singh-explores-stake-sale\/","title":{"rendered":"SpiceJet promoter Ajay Singh explores stake sale"},"content":{"rendered":"<p>The promoter of beleaguered carrier SpiceJet, Ajay Singh, is understood to be in discussions with a mid-eastern carrier and an Indian conglomerate for a possible stake sale in the low-cost airline, persons familiar with the development indicated to FE. Singh holds a fairly large stake of close to 60% in SpiceJet, which has accumulated losses of an estimated Rs 5,000 crore and a negative net worth.<\/p>\n<p>The airline has been bleeding and needs a big dose of capital infusion. \u201cThe new promoters would need to inject a large amount of capital to revive the business. In this context, the equity has little value,\u201d an analyst explained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The promoter of beleaguered carrier SpiceJet, Ajay Singh, is understood to be in discussions with a mid-eastern carrier and an Indian conglomerate for a possible stake sale in the low-cost airline, persons familiar with the development indicated to FE. Singh holds a fairly large stake of close to 60% in SpiceJet, which has accumulated losses of an estimated Rs 5,000 crore and a negative net worth. The airline has been bleeding and needs a big dose of capital infusion. \u201cThe new promoters would need to inject a large amount of capital to revive the business. In this context, the equity [&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":[196,130,138],"tags":[],"class_list":["post-511688","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511688","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=511688"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511688\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}