{"id":590578,"date":"2023-07-13T09:11:39","date_gmt":"2023-07-13T03:41:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=590578"},"modified":"2023-07-13T09:53:37","modified_gmt":"2023-07-13T04:23:37","slug":"spicejet-promoter-ajay-singh-to-inject-rs-500-crore-in-struggling-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-promoter-ajay-singh-to-inject-rs-500-crore-in-struggling-airline\/","title":{"rendered":"SpiceJet promoter Ajay Singh to inject Rs 500 crore in struggling airline"},"content":{"rendered":"<p>SpiceJet promoter Ajay Singh will inject Rs 500 crore into the loss-incurring carrier, in lieu of fresh equity shares or convertible instruments, or both, the airline said in a press release on Wednesday.<\/p>\n<p>Singh&#8217;s offer to inject capital came during a board of directors meeting earlier in the day to discuss raising fresh funds amid the ongoing financial crisis and legal disputes.<\/p>\n<p>The board, after deliberating over his offer, &#8220;agreed to issue equity shares and\/or convertible securities\/equity share warrants on preferential basis&#8221; in one or more tranches for an amount of Rs 500 crore, said the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet promoter Ajay Singh will inject Rs 500 crore into the loss-incurring carrier, in lieu of fresh equity shares or convertible instruments, or both, the airline said in a press release on Wednesday. Singh&#8217;s offer to inject capital came during a board of directors meeting earlier in the day to discuss raising fresh funds amid the ongoing financial crisis and legal disputes. The board, after deliberating over his offer, &#8220;agreed to issue equity shares and\/or convertible securities\/equity share warrants on preferential basis&#8221; in one or more tranches for an amount of Rs 500 crore, said the company.<\/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":[135,167,130],"tags":[],"class_list":["post-590578","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/590578","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=590578"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/590578\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=590578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=590578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=590578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}