{"id":568271,"date":"2023-04-05T11:20:13","date_gmt":"2023-04-05T05:50:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568271"},"modified":"2023-04-05T13:06:26","modified_gmt":"2023-04-05T07:36:26","slug":"spicejet-hives-off-cargo-logistics-biz-into-new-entity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-hives-off-cargo-logistics-biz-into-new-entity\/","title":{"rendered":"SpiceJet hives off cargo &amp; logistics biz into new entity"},"content":{"rendered":"<p>SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity \u2014 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 \u2014 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":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-568271","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\/568271","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=568271"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568271\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}