SpiceJet to raise Rs 2,500 cr via QIP & hive off cargo arm

Ajay Singh-promoted SpiceJet will raise Rs 2,500 crore through QIP and hive off its cargo business as a separate entity. The budget airline on Wednesday reported a Q4 FY 21 loss of Rs 235 crore, down from a loss of Rs 807 crore in same period in previous fiscal.Ajay Singh-promoted SpiceJet will raise Rs 2,500 crore through QIP and hive off its cargo business as a separate entity. The budget airline on Wednesday reported a Q4 FY 21 loss of Rs 235 crore, down from a loss of Rs 807 crore in same period in previous fiscal.Read More

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