{"id":511861,"date":"2022-08-04T12:11:30","date_gmt":"2022-08-04T06:41:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511861"},"modified":"2022-08-04T13:12:15","modified_gmt":"2022-08-04T07:42:15","slug":"spicejet-cmd-singh-in-talks-to-pare-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-cmd-singh-in-talks-to-pare-stake\/","title":{"rendered":"\u2018SpiceJet CMD Singh in talks to pare stake\u2019"},"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. Singh, who is also the CMD, holds a fairly large stake of close to 60 per cent 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 heavy 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. Singh, who is also the CMD, holds a fairly large stake of close to 60 per cent 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 heavy capital infusion. \u201cThe new promoters would need to inject a large amount of capital to revive the business. In this context, [&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":[130],"tags":[],"class_list":["post-511861","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511861","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=511861"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511861\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}