{"id":590580,"date":"2023-07-13T09:12:40","date_gmt":"2023-07-13T03:42:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=590580"},"modified":"2023-07-13T09:54:10","modified_gmt":"2023-07-13T04:24:10","slug":"placed-under-enhanced-surveillance-spicejet-to-get-rs-500-cr-from-promoter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/placed-under-enhanced-surveillance-spicejet-to-get-rs-500-cr-from-promoter\/","title":{"rendered":"Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter"},"content":{"rendered":"<p>SpiceJet on Wednesday said its promoter Ajay Singh has decided to infuse Rs 500 crore in the airline by subscribing fresh equity shares and\/or convertible instruments.<\/p>\n<p>The cash-strapped airline has been under &#8220;enhanced surveillance&#8221; of the Directorate General of Civil Aviation (DGCA) since June 22 as a &#8220;precautionary&#8221; measure, the regulator&#8217;s officials had said on Tuesday.<\/p>\n<p>Ajay Singh, who is also the chairman and managing director of the airline, said: \u201cI am pleased to announce that I will infuse Rs 500 crore into the company. SpiceJet has a bright future and I am committed to helping it achieve its full potential.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet on Wednesday said its promoter Ajay Singh has decided to infuse Rs 500 crore in the airline by subscribing fresh equity shares and\/or convertible instruments. The cash-strapped airline has been under &#8220;enhanced surveillance&#8221; of the Directorate General of Civil Aviation (DGCA) since June 22 as a &#8220;precautionary&#8221; measure, the regulator&#8217;s officials had said on Tuesday. Ajay Singh, who is also the chairman and managing director of the airline, said: \u201cI am pleased to announce that I will infuse Rs 500 crore into the company. SpiceJet has a bright future and I am committed to helping it achieve its full [&hellip;]<\/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-590580","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\/590580","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=590580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/590580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=590580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=590580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=590580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}