{"id":623326,"date":"2023-12-20T11:57:59","date_gmt":"2023-12-20T06:27:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623326"},"modified":"2023-12-20T13:58:41","modified_gmt":"2023-12-20T08:28:41","slug":"spicejet-gets-fresh-lifeline-mumbai-based-business-couple-harihara-and-preeti-mahapatra-to-invest-rs-1100-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-gets-fresh-lifeline-mumbai-based-business-couple-harihara-and-preeti-mahapatra-to-invest-rs-1100-crore\/","title":{"rendered":"SpiceJet gets fresh lifeline: Mumbai-based business couple Harihara and Preeti Mahapatra to invest Rs 1,100 crore"},"content":{"rendered":"<p>Businessman Harihara Mahapatra and his wife Preeti, based in Mumbai, have announced their plans to invest Rs 1,100 crore in SpiceJet, acquiring a 19% stake in the company. Aries Opportunities Fund will hold 3% while Elara Capital will hold 8% after the conversion of warrants, according to a funding proposal reviewed by ET.<\/p>\n<p>Last week, SpiceJet, facing financial difficulties, revealed that it had received a lifeline in the form of investments totaling Rs 2,254 crore from a group of funds and high net worth individuals.<\/p>\n<p>This investment will be made through the issuance of up to 130 million convertible warrants and 320.8 million fresh equity shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businessman Harihara Mahapatra and his wife Preeti, based in Mumbai, have announced their plans to invest Rs 1,100 crore in SpiceJet, acquiring a 19% stake in the company. Aries Opportunities Fund will hold 3% while Elara Capital will hold 8% after the conversion of warrants, according to a funding proposal reviewed by ET. Last week, SpiceJet, facing financial difficulties, revealed that it had received a lifeline in the form of investments totaling Rs 2,254 crore from a group of funds and high net worth individuals. This investment will be made through the issuance of up to 130 million convertible warrants [&hellip;]<\/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":[220,130,137],"tags":[],"class_list":["post-623326","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623326","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=623326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}