SpiceJet’s fundraise in doubt as lead investor dithers
The Mahapatras, who were supposed to invest nearly half the targeted Rs 2,250 crore, haven’t done so yet, forcing the Ajay Singh-led airline to seek more time to complete the exercise.
5 February, 2024•11 min
0
5 February, 2024•11 min
0
Getting your Trinity Audio player ready...
More in Business
Business
Vedanta shines, but fault lines remain
Record earnings and a cleaner balance sheet offer relief, but muted production growth, delayed projects and a heavy reliance on favourable commodity cycles could weigh on the newly demerged entities of Anil Agarwal’s mining-to-metals group.
You may also like
Internet
In Indian VC landscape, capital outpaces opportunity
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
Business
Ajay Singh’s SpiceJet turnaround story is running on fumes
As much as he would like to convince investors about the airline’s prospects, it’s increasingly clear the low-cost carrier is just about managing to stay afloat.
Business
How SpiceJet and India’s legal system nearly killed the aircraft leasing business
Interminable delays and multiple out-of-court settlements later, the world’s leading lessors have tweaked their India playbook—stiffer terms, higher rentals. The fallout has hit aviation startups hard.