{"id":568259,"date":"2023-04-05T11:17:05","date_gmt":"2023-04-05T05:47:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568259"},"modified":"2023-04-05T13:06:08","modified_gmt":"2023-04-05T07:36:08","slug":"spicejet-hives-off-cargo-and-logistics-biz-into-separate-entity-from-april-1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-hives-off-cargo-and-logistics-biz-into-separate-entity-from-april-1\/","title":{"rendered":"SpiceJet hives off cargo and logistics biz 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\u2014SpiceXpress 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<p>The decision to hive off SpiceXpress is in sync with the company\u2019s long-term business plan and will unlock significant valuation of the logistic business, SpiceJet Ltd Chairman Ajay Singh 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\u2014SpiceXpress 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. The decision to hive off SpiceXpress is in sync with the company\u2019s long-term business plan and will unlock significant valuation of the logistic business, SpiceJet Ltd Chairman Ajay Singh said.<\/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":[224,130,150],"tags":[],"class_list":["post-568259","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568259","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=568259"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568259\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}