{"id":567937,"date":"2023-04-03T12:52:38","date_gmt":"2023-04-03T07:22:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=567937"},"modified":"2023-04-03T12:52:38","modified_gmt":"2023-04-03T07:22:38","slug":"spicejet-hives-off-cargo-and-logistics-business-into-separate-entity-from-april-1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-hives-off-cargo-and-logistics-business-into-separate-entity-from-april-1\/","title":{"rendered":"SpiceJet hives off cargo and logistics business into separate entity from April 1"},"content":{"rendered":"<p>SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity &#8212; SpiceXpress and Logistics Pvt Ltd, from April 1.<\/p>\n<p>The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said.<\/p>\n<p>It also paves the way for SpiceXpress to raise funds independently, SpiceJet said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity &#8212; SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet said.<\/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":[216,130,148],"tags":[],"class_list":["post-567937","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567937","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=567937"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567937\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=567937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=567937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=567937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}