{"id":623582,"date":"2023-12-21T10:45:59","date_gmt":"2023-12-21T05:15:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623582"},"modified":"2023-12-21T12:15:45","modified_gmt":"2023-12-21T06:45:45","slug":"all-you-need-to-know-about-harihara-and-preeti-mahapatra-the-couple-infusing-rs-1100-cr-into-spicejet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/all-you-need-to-know-about-harihara-and-preeti-mahapatra-the-couple-infusing-rs-1100-cr-into-spicejet\/","title":{"rendered":"All you need to know about Harihara and Preeti Mahapatra, the couple infusing Rs 1,100 Cr into SpiceJet"},"content":{"rendered":"<p>In a recent development reported by The Economic Times, Mumbai-based businessman Harihara Mahapatra and his wife, Preeti Mahapatra, are set to invest Rs 1,100 crore in SpiceJet, marking a significant move to alleviate the financial challenges faced by the flailing airline. The funding initiative is part of a broader plan wherein a consortium of funds and high net-worth individuals will contribute a total of Rs 2,254 crore through convertible warrants and fresh equity shares. <\/p>\n<p>According to the detailed funding proposal reviewed by ET, the Mahapatras&#8217; investment will secure a 19 per cent stake in SpiceJet. Post the conversion of warrants, Aries Opportunities Fund will hold 3 per cent, and Elara Capital will hold 8 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent development reported by The Economic Times, Mumbai-based businessman Harihara Mahapatra and his wife, Preeti Mahapatra, are set to invest Rs 1,100 crore in SpiceJet, marking a significant move to alleviate the financial challenges faced by the flailing airline. The funding initiative is part of a broader plan wherein a consortium of funds and high net-worth individuals will contribute a total of Rs 2,254 crore through convertible warrants and fresh equity shares. According to the detailed funding proposal reviewed by ET, the Mahapatras&#8217; investment will secure a 19 per cent stake in SpiceJet. Post the conversion of warrants, [&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":[176,146,130],"tags":[],"class_list":["post-623582","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623582","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=623582"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623582\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}