Singh is learnt to have raised a soft loan for this fund infusion in the airline. Sources also say that investors will pick up a stake in the airline once the restructuring process is completed.
Ajay Singh, who has once again taken control of SpiceJet , has invested Rs 500 crore in the airline Wednesday, sources tell CNBC-TV18.
Singh is learnt to have raised a soft loan for this fund infusion in the airline. Sources also say that investors will pick up a stake in the airline once the restructuring process is completed.
SpiceJet stock price
On February 25, 2015, SpiceJet closed at Rs 24.95, up Rs 0.80, or 3.31 percent. The 52-week high of the share was Rs 25.70 and the 52-week low was Rs 11.10.
The latest book value of the company is Rs -16.49 per share. At current value, the price-to-book value of the company was -1.51.
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