{"id":558915,"date":"2023-02-28T11:11:40","date_gmt":"2023-02-28T05:41:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=558915"},"modified":"2023-02-28T11:11:40","modified_gmt":"2023-02-28T05:41:40","slug":"in-relief-to-spicejet-lessor-converts-dues-into-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/in-relief-to-spicejet-lessor-converts-dues-into-stake\/","title":{"rendered":"In relief to SpiceJet, lessor converts dues into stake"},"content":{"rendered":"<p>NEW DELHI: In a relief to SpiceJet, its biggest lessor Carlyle Aviation Partner has decided to convert $100-million dues to the airline into equity shares and compulsorily convertible debentures (CCDs). It will pick up over 7.5% stake in SpiceJet.<\/p>\n<p>Additionally, part of the dues will be converted into CCDs of SpiceXpress at an anticipated future valuation of $1.5 billion (Rs 12,422 crore), the airline said on Monday, adding it will raise fresh capital of Rs 2,500 crore.<\/p>\n<p>The airline will transfer its cargo business undertaking on a slump sale basis to its subsidiary SpiceXpress and Logistics (SXPL), the company said in a BSE filing. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In a relief to SpiceJet, its biggest lessor Carlyle Aviation Partner has decided to convert $100-million dues to the airline into equity shares and compulsorily convertible debentures (CCDs). It will pick up over 7.5% stake in SpiceJet. Additionally, part of the dues will be converted into CCDs of SpiceXpress at an anticipated future valuation of $1.5 billion (Rs 12,422 crore), the airline said on Monday, adding it will raise fresh capital of Rs 2,500 crore. The airline will transfer its cargo business undertaking on a slump sale basis to its subsidiary SpiceXpress and Logistics (SXPL), the company said [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-558915","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/558915","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=558915"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/558915\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=558915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=558915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=558915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}