SpiceJet may offer 5% stake to Carlyle Aviation
Mint Mumbai|February 24, 2023
Low-cost carrier SpiceJet Ltd might swap 5% of its equity for dues owed to its largest aircraft lessor, US-based Carlyle Aviation Partners, two people informed of the development said.
Anu Sharma
SpiceJet may offer 5% stake to Carlyle Aviation

"The proposed deal is expected to close within the next 10 days. The board will take a call on the matter on 24 February, and accordingly, the next step to materialize the stake sale will be decided," one of the people cited above said.

Under the proposed deal, Carlyle is expected to convert over $100 million of outstanding dues into equity in SpiceJet and compulsorily convertible debentures (CCDs) in the cargo arm SpiceXpress which Carlyle can convert into equity in the company at a later stage, Mint has learnt.

Diese Geschichte stammt aus der February 24, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der February 24, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT MUMBAIAlle anzeigen
Mint Mumbai

Viksit Bharat needs big plans and coordinated action

Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women

time-read
3 Minuten  |
November 19, 2024
Indonesia will need to tread a fine line after T rump's return
Mint Mumbai

Indonesia will need to tread a fine line after T rump's return

Jez/farms relations with China mustn,t send out the wrong signals

time-read
3 Minuten  |
November 19, 2024
What if Donald Trump keeps his promises on economic policy?
Mint Mumbai

What if Donald Trump keeps his promises on economic policy?

The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through

time-read
3 Minuten  |
November 19, 2024
Mint Mumbai

The Indian state is still to fully unshackle our economy

Economic success needs the state to function as an enlightened referee and be less statist

time-read
3 Minuten  |
November 19, 2024
Mint Mumbai

Let's tackle the harsh realities of mental health at the workplace

Ensure an inclusive work environment with policies of reasonable accommodation and support

time-read
3 Minuten  |
November 19, 2024
Hypersonic weapons in the age of A!: Be careful
Mint Mumbai

Hypersonic weapons in the age of A!: Be careful

Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks

time-read
2 Minuten  |
November 19, 2024
Mint Mumbai

How working abroad gives young Indians a wealth edge back home

Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates

time-read
5 Minuten  |
November 19, 2024
Mint Mumbai

FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY

For some of you, a market downturn may be an ideal time for a complete financial reset

time-read
2 Minuten  |
November 19, 2024
Mint Mumbai

Remitting foreign fund: Tax implication for NRI

I will be moving back to India in FY25. Do I need to bring the money I earned abroad with me? If yes, will it be taxed? If no, what will be the tax implications in India in the future?

time-read
1 min  |
November 19, 2024
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
Mint Mumbai

BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION

They deliver on the job, but many employees are just going through the motions with one eye on the exits

time-read
8 Minuten  |
November 19, 2024